Bad Deal

National-security agencies counselled 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.

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.

Interesting Read…

(Visited 18 times, 4 visits today)
newest oldest most voted
Notify of
FredR
Guest
FredR

Hmm…this won’t escape the attention of Trump or his aides. Justin better be careful or Trump turn him sunny-side down.