Posted on 01/26/2017 7:29:03 AM PST by Candor7
National-security agencies counseled Ottawa against allowing a Chinese firm to take over a Montreal high-tech company, warning it would undermine a technological edge that Western militaries have over China, The Globe and Mail has learned. “If the technology is transferred, China would be able to domestically-produce advanced-military laser technology to Western standards sooner than would otherwise be the case, which diminishes Canadian and allied military advantages,” said a national-security assessment prepared for cabinet by the Department of National Defence and the Canadian Security Intelligence Service in 2015. The acquisition of ITF Technologies of Montreal by Hong Kong-based O-Net Communications is the focus of a growing controversy after Prime Minister Justin Trudeau’s government reversed a Harper cabinet order that sought to unwind this foreign purchase. Related: Liberals reverse Harper cabinet order to unwind Chinese takeover deal The Liberals, who have made deepening relations with China a key foreign-policy objective, cancelled the order for O-Net to abandon its purchase of ITF and instead said they will grant the Hong Kong firm a second chance to win national-security approval. National security officials were particularly concerned about O-Net, according to a source familiar with the 2015 assessment, because they considered the Hong Kong firm effectively controlled by the Chinese state. A corporate presentation prepared by O-Net in 2015 indicates more than 25 per cent of its shares are owned by a company that is a subsidiary of Chinese state-owned China Electronics Corporation. The review of this takeover conducted while the Harper government was in office in 2015 concluded the transaction would be “injurious to national security.” In November, 2016, however, Ottawa under the Liberal government answered a legal challenge of the Harper cabinet decision by setting aside the divestment order and beginning a second national security review. Innovation Minister Navdeep Bains’s office ......
(Excerpt) Read more at theglobeandmail.com ...
This is Hugh and Series. The US press missed the dirty little tricks of Justin Trudeau. Trump needs to show him the wood shed.
I don’t care what ‘snopes’ says, he looks exactly like Fidel and nothing like Pierre
“If the technology is transferred, China would be able to domestically-produce advanced-military laser technology to Western standards sooner than would otherwise be the case, which diminishes Canadian and allied military advantages,” said a national-security assessment prepared for cabinet by the Department of National Defence and the Canadian Security Intelligence Service in 2015.
The acquisition of ITF Technologies of Montreal by Hong Kong-based O-Net Communications is the focus of a growing controversy after Prime Minister Justin Trudeau’s government reversed a Harper cabinet order that sought to unwind this foreign purchase.
The Liberals, who have made deepening relations with China a key foreign-policy objective, cancelled the order for O-Net to abandon its purchase of ITF and instead said they will grant the Hong Kong firm a second chance to win national-security approval.
National security officials were particularly concerned about O-Net, according to a source familiar with the 2015 assessment, because they considered the Hong Kong firm effectively controlled by the Chinese state. A corporate presentation prepared by O-Net in 2015 indicates more than 25 per cent of its shares are owned by a company that is a subsidiary of Chinese state-owned China Electronics Corporation.
The review of this takeover conducted while the Harper government was in office in 2015 concluded the transaction would be “injurious to national security.”
In November, 2016, however, Ottawa under the Liberal government answered a legal challenge of the Harper cabinet decision by setting aside the divestment order and beginning a second national security review.
Innovation Minister Navdeep Bains’s office ...
On the one hand this morning we have Freepers insisting that the U.S. government should require American-sourced materials in our pipelines because foreign countries and trade organizations have no authority over us.
Now we see that the U.S. is complaining about a technology company acquisition involving two foreign countries.
Which is it, folks?
Both.
Ha! Ha!
I see no logical inconsistency.
We can seek to require local steel in one and scold Canada in the other.
Canada is closer to the US than the US or Canada is to China. There’s a reason for that.
Yews, Trudeau looks like Castro’s son, the resemblance is uncanny. His mother indeed did have a wandering eye.Once in the the Carribean, she repeatedly went looking for a good snog.
http://magafeed.com/is-justin-trudeau-the-son-of-fidel-castro/
1977: Margaret Trudeau and the Rolling Stones. Margaret Trudeau spent her sixth wedding anniversary without her prime minister husband, instead partying with the Rolling Stones at a Toronto nightclub and later in Mick Jagger’s limousine. The rendezvous sparked rumours that she was having an affair with the band’s front man. She later disappeared to New York. The scandal signalled the end of the couple’s tumultuous marriage, but Margaret Trudeau denied having affairs with any members of the Rolling Stones, later telling a conference on mental health, “I should have slept with every single one of them.”
http://www.macleans.ca/society/life/8-canadian-political-sex-scandals-and-one-maybe/
It's just a coincidence...
Two royal ba$tards? Sure looks like.
Yep, and they both know it.
Makes one’s hair on the back the neck stand up and then start a little shiver.
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