Reported 5 months ago
Canada has ordered the dissolution of two technology companies, Bluvec Technologies Inc and Pegauni Technology Inc, due to national security concerns, asking them to cease operations in the country under the Investment Canada Act. The decision followed a review involving scrutiny by Canada's national security and intelligence community, with Innovation Minister Francois-Philippe Champagne stating that while Canada welcomes foreign investment, actions will be taken decisively to protect national security. The specific investments, security concerns, and details about the companies were not disclosed in the statement.
Source: YAHOO