Prime Minister Justin Trudeau says he accepts the recommendation from intelligence agencies that a proposed takeover of construction firm Aecon Group Inc. by a Chinese state-owned company is not in the interest of national security. “This is really about following the advice and the feedback given to me by the national security agencies,” he said in an interview. Some Canadian construction companies, including PCL Constructors Inc., Ledcor Group and P.W. “We are happy that the government recognizes the fact that government-owned or controlled entities have no place to compete against private and publicly-traded companies in the Canadian construction industry,” stated Mary Van Buren, president of the Canadian Construction Association. The company said it was disappointed with the government’s decision and will continue to be a leading player in the Canadian construction and infrastructure market.

Source: thestar May 24, 2018 18:33 UTC