What it will take to lure foreign investors to Canada

Canada's efforts to boost foreign investment have been discussed by Jeremy Kronick, chief executive of the C.D. Howe Institute. According to the Financial Post, Kronick spoke about Canada's first investment summit and what it will take to attract foreign investors.

The Canadian government has recently tightened requirements under its Temporary Foreign Worker Program, according to Nairametrics. The changes focus on the entity that exercises actual control over the employment relationship when determining who qualifies as an employer. This includes assessing who directs and supervises the foreign worker while they are employed in Canada.

Under the new rules, contractual arrangements alone may no longer be sufficient for an organisation to qualify as the employer for a Labour Market Impact Assessment application. Staffing and employment agencies that recruit foreign workers for another Canadian company may not qualify as the employer if the worker is ultimately controlled by the third-party business.

Brief written by urgent.news from Financial Post, Nairametrics — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.