A tale of Portugal and England: Measuring the affect of Investment Canada Act changes on Alberta's oil sands

Charlotte Kingsford

No 2018-14, Working Papers from Department of Economics, University of Calgary

Abstract: Using TSX stock price long panel time series data, I measured the market response of Alberta's oil sands sector to foreign investment restrictions. My research finds it was a result of the news announcements made by the federal government regarding planned changes to the Investment Canada Act. The news was first announced to the public in July 2012 alongside a large foreign takeover of a Canadian oil & gas company and finally in December 2012. This caused investment in the sector to drop by $3.05 Cdn per share in aggregate.

Keywords: Foreign Investment; Investment Canada Act; Trade (search for similar items in EconPapers)
Date: 2014-08-15
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