Bloomberg News

Paradis Says Canada Understands Value of Foreign Investment

March 12, 2012

Canadian Industry Minister Christian Paradis said the government “understands the importance” of attracting foreign investment.

Paradis made the comments in response to a question by an opposition lawmaker in Ottawa regarding reports that Glencore International Plc has expressed interest in acquiring Canada’s biggest grain handler Viterra Inc. (VT) Paradis didn’t mention either company in his response.

“Unlike the opposition, our government understands the importance of attracting foreign investments to our economy,” Paradis told lawmakers in Parliament. “Foreign investments help Canadian companies to grow and innovate and provides new opportunities to connect our firms to the world. Our government will continue to welcome investment that benefits Canada.”

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net


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