The ownership policy for book publishing, distribution, and retail, has proven itself over time to be effective, practical, flexible, and fair. It fosters the ability of the Canadian‐owned book industry to compete globally, and to provide a foundation that promotes maximum exposure, at home and abroad, for Canadian writing.
With refinements to the net‐benefits assessment process and greater accountability for foreign investors in their undertakings, the ownership policy will keep the Canadian book industry competitive internationally and in our home markets, will serve Canadian authors and readers in a digital age, and will help to maintain Canada’s cultural sovereignty.