Recent reports indicate that the Federal Goverment may be about to proceed with a review of the Investment Canada Act. This is the statute that the Brian Mulroney brought into force in 1985 that allows the Federal Government to block foreign takeover bids and ensure that deals have a net benefit for Canada. Earlier this month BHP Billiton was prevented from proceeding with a hostile takeover of the Potash Corporation on the grounds that the deal was of a net benefit for Canada. This review is of great importance because of the myriad of problems encountered in the wake of the takeovers of Stelco by US Steel and Inco by Vale. It'll be fascinating to see what direction this review goes in.