Parliamentary Committee Notes: Economic Security

PROC – Foreign Interference
Date: February 26, 2023
Classification: Unclassified
Fully releasable (ATIP)? Yes
Branch / Agency: NCSB

Proposed Response:

Background:

Increased global trade together with rapid technological innovation have provided Canada with immense opportunities for economic growth and increased prosperity. Important emerging fields of technology have become key drivers of economic growth and development. However, these advancements have also given rise to new and serious national security vulnerabilities which are emanating through a range of entry points into Canada's economy. Sensitive technologies with military or dual-use applications, sensitive personal data of Canadians, and critical infrastructure are the key assets that drive our economy and are most targeted by hostile actors.  

These threats may come from:

The Government of Canada has a suite of tools at its disposal that were established to protect the Canadian economy and, more broadly, Canadian strategic interests from harm. These include:

Several of Canada's security partners, including Australia, the United States, and the United Kingdom have upgraded their capabilities to more readily identify and mitigate economic-based national security risks. Canada is seeking to build on the current regime protecting our most valuable assets while maintaining the openness and innovation crucial to the Canadian economy.

Sensitive Technology

There are many sectors of the Canadian economy that are of particular interest to foreign adversaries due to Canada's expertise and advanced industrial and technological capabilities.

In his remarks to the Centre for International Governance Innovation in February 2021, CSIS Director David Vigneault named Canada's biopharmaceutical and health sector, artificial intelligence, quantum computing, ocean technology and aerospace sectors as facing particularly severe threat activity.

The national security guidelines for foreign investment as well as those for research partnerships also contain additional information on sensitive sectors which would likely warrant additional national security scrutiny.

Contacts:

Prepared by: NCSB-NSOD
Approved by: Sébastien Aubertin-Giguère, Acting Senior Assistant Deputy Minister, NCSB, 613-614-4715

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