VANCOUVER, May 17, 2012 /CNW/ - In 2008, The Canadian government blocked the sale of the satellite business of Radarsat lead contractor MacDonald Dettwiler. The move was the first time in the twenty-three year history of the Investment Canada Act that the federal government blocked a foreign takeover because of a failure of the "net benefit" test. Today with Radarsat funding in limbo, Macdonald Dettwiler is facing major layoffs. Is the Harper Government underestimating the importance of technology in Canada? Go to www.cantechletter.com to read the full article.
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