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

by Kingsford, Charlotte

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.

View this paper on RePEc

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