The article analyzes recent changes in the principles, mechanisms and practices of the FDI regulation in Canada. Since 2010, this country has been rated by the international experts as one of the best places to invest. Most of the recent FDI is flocking into the country’s resource sector – in particular into mining and oil and gas. At the same time, there’s been a radical shift in the origins of the FDI. The state-owned corporations and sovereign funds from the Asian emerging markets, mostly from China, are demonstrating their willingness and readiness to become the major foreign investors in the Canadian resource sector.