the 30% foreign content limit was lifted on pensions and RRSPs,
the siren call from Canada's mutual fund industry has been "go
the two and a half years since the limit was lifted, the Canadian
dollar has leapt to multi-decade highs. As a result, those who "went
global" from the get-go have suffered currency losses - severe
ones in the case of those who "rebalanced" their portfolios
from Canada into the United States.
several European states, Ontario is following the Israeli venture
capital fund paradigm, Yozma. Yozma has earned worldwide recognition
as the creator of the Israeli venture capital industry. Originating
from a government program aimed at prompting venture investments
in Israel, Yozma I has transformed the domestic landscape of private
equity investments. Over a period of three years, the Group established
ten drop-down funds, each capitalized with more than $20 million.
-- Canada's biggest business lobby group is warning Ottawa to tread
lightly as it prepares to toughen up the rules for screening foreign
investment in this country.
Harper government has announced plans to scrutinize foreign acquisitions
that might compromise Canada's national interest, including takeovers
by state-owned firms that don't operate according to free-market
principles but as agents of their governments.
a new letter to Industry Minister Jim Prentice, however, the Canadian
Chamber of Commerce is cautioning Ottawa to interfere as little
as possible in foreign investment flowing into Canada.
should be limited and should not discriminate against, or impede,
market-driven foreign investment," Canadian Chamber of Commerce
president Perrin Beatty wrote in a Nov. 15 letter to Mr. Prentice.
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