Follow Canadian immigration and Canadian economic news: Canadian Prime Minister Stephen Harper stated in a speech that he hopes the Canadian economy will remain open to foreign direct investment. However, he does not want all sectors to be controlled by foreign state-owned enterprises.
Harper stated that foreign investment regulations allow the government to exercise discretionary power. He also pointed out that while the high exchange rate of the Canadian dollar poses challenges for some industries, it makes it cheaper for manufacturers to import equipment.
Finally, Harper indicated that the severity of Canada's personal debt issue should not be exaggerated.
