The federal government has blocked the sale of Canadian construction company Aecon Group Inc. to Chinese interests, citing national security. "As is always the case, we listened to the advice of our national security agencies throughout the multi-step national security review process under the Investment Canada Act," Innovation Minister Navdeep Bains said in a statement Wednesday. "Based on their findings, in order to protect national security, we ordered CCCI not to implement the proposed investment." Pushing for a reviewThe Conservatives had been pressing the Trudeau government for a formal national security review of the takeover. CCCI is the overseas investment and financing arm of China Communications Construction Company Ltd. (CCCC), one of the world's largest engineering and construction groups.

Source: CBC News May 23, 2018 22:10 UTC