Deals
China Warns of Canada Investment Chill After Aecon Deal Blocked
- Bains cites national security, says Canada open to investment
- Chinese need more clarity on investment rules, analyst says
A worker passes in front of a truck displaying Aecon Group Inc. signage at a construction site in Toronto.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
China is warning of a Canadian investment chill after the rejection of the Aecon Group Inc. takeover
Prime Minister Justin Trudeau’s government on Wednesday killed a proposed Chinese takeover of the Toronto-based construction firm, citing advice from national security agencies. Following the decision, the Chinese Embassy in Ottawa issued a written statement cautioning the move was not “good news for the investment cooperation between China and Canada.” The embassy later issued a second statement criticizing “politicization” of national security risks.