Latest news with #InvestmentCanadaAct
Canada Standard
5 hours ago
- Business
- Canada Standard
Canadian govt orders Chinese firm Hikvision to cease operations over national security concerns
Ottawa [Canada], June 28 (ANI): The Canadian government has ordered Chinese video surveillance equipment maker Hikvision to cease all operations in the country and close its Canadian business over national security concerns, Canada's Minister of Innovation, Science and Industry, Melanie Joly, announced on Friday (local time). Melanie Joly noted that the government has determined that Hikvision Canada Inc.'s continued operations in Canada would be detrimental to Canada's national security. In a statement, Joly stated, 'Following a National Security Review under the Investment Canada Act, the Government of Canada has ordered Hikvision Canada Inc. to cease all operations in Canada and close its Canadian business.' 'The government has determined that Hikvision Canada Inc.'s continued operations in Canada would be injurious to Canada's national security. This determination is the result of a multi-step review that assessed information and evidence provided by Canada's security and intelligence community,' she added. Joly stated, 'The scope of this National Security Review under the Investment Canada Act does not extend to Hikvision's affiliate operations outside of Canada.' Melanie Joly encouraged all Canadians to take note of this decision and make their own decisions accordingly. Furthermore, the Canadian government has banned the purchase or use of Hikvision products in government departments, agencies, and crown corporations. She stated, 'The Government of Canada is further conducting a review of existing properties to ensure that legacy Hikvision products are not used going forward. The Government of Canada welcomes foreign investment - but will never compromise on Canada's national security.' (ANI)
News18
8 hours ago
- Business
- News18
Canada Orders Chinese Firm Hikvision To Cease Operations Citing National Security Concerns
Last Updated: Canada's Industry Minister Melanie Joly said the government has decided that Hikvision's continued operations in Canada would be detrimental to Canada's national security. In a significant development, the Canadian government has ordered Chinese video surveillance camera-making company Hikvision to halt all operations in the country and close its Canadian business over national security concerns. Canada's Industry Minister, Melanie Joly, said the government has determined that Hikvision Canada's continued operations would be detrimental to Canada's national security. 'Following a National Security Review under the Investment Canada Act, the Government of Canada has ordered Hikvision Canada Inc. to cease all operations in Canada and close its Canadian business," she said in a statement. Joly said this determination was a result of a multi-step review that assessed information and evidence provided by Canada's security and intelligence community. She also said Canada was prohibiting the purchase or use of Hikvision products in government departments, agencies and crown corporations. My statement on Hikvision Canada Inc. following a national security review under the Investment Canada Act: — Mélanie Joly (@melaniejoly) June 28, 2025 'The scope of this National Security Review under the Investment Canada Act does not extend to Hikvision's affiliate operations outside of Canada," she said, while encouraging Canadians to take note of this decision and make their own decisions accordingly. 'The Government of Canada is further conducting a review of existing properties to ensure that legacy Hikvision products are not used going forward. The Government of Canada welcomes foreign investment – but will never compromise on Canada's national security," she added. Hikvision's Canadian and US operations, the parent company and China's foreign ministry did not immediately respond to requests for comment. The company, which calls itself the world's biggest maker of video surveillance equipment, said last year it had exited contracts in Xinjiang through five subsidiaries that were added to a US trade black list in 2023. Last year, the Wall Street Journal reported that Canada was reviewing an application to impose sanctions on four Chinese surveillance-gear companies, including Hikvision, over their alleged role in human-rights violations in Xinjiang. (with agency inputs) First Published: June 28, 2025, 09:01 IST
Canada News.Net
9 hours ago
- Business
- Canada News.Net
Canadian govt orders Chinese firm Hikvision to cease operations over national security concerns
Ottawa [Canada], June 28 (ANI): The Canadian government has ordered Chinese video surveillance equipment maker Hikvision to cease all operations in the country and close its Canadian business over national security concerns, Canada's Minister of Innovation, Science and Industry, Melanie Joly, announced on Friday (local time). Melanie Joly noted that the government has determined that Hikvision Canada Inc.'s continued operations in Canada would be detrimental to Canada's national security. In a statement, Joly stated, 'Following a National Security Review under the Investment Canada Act, the Government of Canada has ordered Hikvision Canada Inc. to cease all operations in Canada and close its Canadian business.' 'The government has determined that Hikvision Canada Inc.'s continued operations in Canada would be injurious to Canada's national security. This determination is the result of a multi-step review that assessed information and evidence provided by Canada's security and intelligence community,' she added. Joly stated, 'The scope of this National Security Review under the Investment Canada Act does not extend to Hikvision's affiliate operations outside of Canada.' Melanie Joly encouraged all Canadians to take note of this decision and make their own decisions accordingly. Furthermore, the Canadian government has banned the purchase or use of Hikvision products in government departments, agencies, and crown corporations.
Time of India
9 hours ago
- Business
- Time of India
Canadian govt orders Chinese firm Hikvision to cease operations over national security concerns
The Canadian government has ordered Chinese video surveillance equipment maker Hikvision to cease all operations in the country and close its Canadian business over national security concerns, Canada's Minister of Innovation, Science and Industry, Melanie Joly, announced on Friday (local time). Melanie Joly noted that the government has determined that Hikvision Canada Inc.'s continued operations in Canada would be detrimental to Canada's national security. In a statement, Joly stated, "Following a National Security Review under the Investment Canada Act, the Government of Canada has ordered Hikvision Canada Inc. to cease all operations in Canada and close its Canadian business." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More "The government has determined that Hikvision Canada Inc.'s continued operations in Canada would be injurious to Canada's national security. This determination is the result of a multi-step review that assessed information and evidence provided by Canada's security and intelligence community," she added. Joly stated, "The scope of this National Security Review under the Investment Canada Act does not extend to Hikvision's affiliate operations outside of Canada." Live Events Melanie Joly encouraged all Canadians to take note of this decision and make their own decisions accordingly. Furthermore, the Canadian government has banned the purchase or use of Hikvision products in government departments, agencies, and crown corporations. — melaniejoly (@melaniejoly) She stated, "The Government of Canada is further conducting a review of existing properties to ensure that legacy Hikvision products are not used going forward. The Government of Canada welcomes foreign investment - but will never compromise on Canada's national security."
Bloomberg
10 hours ago
- Business
- Bloomberg
Canada Orders Hikvision to Cease Local Operations
Canadian Industry Minister Melanie Joly says that the government has ordered Hikvision Canada to cease all operations in the country and close its business, in a statement on X. The government has determined that Hikvision Canada's continued operations in the country would be 'injurious to Canada's national security' after a review under the Investment Canada Act, the statement says.
