Canada spells out SWF requirements

The Canadian government will block investment by state-owned enterprises, such as sovereign wealth funds, unless corporate governance and commercial standards are adhered to.

Jim Prentice, Canada's industry minister, whose department on Friday issued a new set of guidelines for state-owned enterprise investment, said that the rules "spell out what the government expects from foreign state-owned enterprises."

"We are providing potential state-owned enterprise investors with clarification on how