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Decentralized Democracy

House Hansard - 156

44th Parl. 1st Sess.
February 8, 2023 02:00PM
Context: House Hansard - 156 - Feb/8/23
Mr. Maxime Blanchette-Joncas
  • Feb/8/23 5:47:41 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, I thank my colleague for her question. I touched on this subject briefly in my speech. People with foreign interests or economic interests coming to invest here do not always have our social investments at heart. She mentioned seniors' homes. I fully agree that we need to pay close attention in modernizing the bill, and we must consider that the interests of foreign investors will not always align with ours. She makes an interesting point. I gave the example of land grabs. Everyone here needs to eat, just like the general population. It is the same thing. The Bloc Québécois will certainly be able to work with my colleague.
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Context: House Hansard - 156 - Feb/8/23
Mr. Andy Fillmore
  • Feb/8/23 6:14:36 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, I will repeat something I said during my remarks. Economic security is national security. The purpose of Bill C-34 and modernizing the ICA is to not only protect Canada's national security but to ensure that any foreign investments bring a net economic benefit into the country. That answer with my previous answer, I hope, would satisfy the member.
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Context: House Hansard - 156 - Feb/8/23
Hon. Michael Chong (Wellington—Halton Hills, CPC)
  • Feb/8/23 6:44:59 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, I wonder if the member would comment on the following. He has said that foreign investment has plummeted during the time of government, while at the same time acquisitions by state-owned and state-controlled enterprises have gone through without review. That has resulted in something that was best captured in last week's Globe and Mail article titled, “The growing threat of a low-wage future for Canadians”. I just want to quote two lines from that editorial. The Organization for Economic Co-operation and Development ranks this country last in potential economic growth over the next 40 years. If that OECD forecast becomes reality, the Canada of 2060 will be a relatively poorer country, falling further and further behind other advanced economies into second-tier status. Would the member comment on that?
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Context: House Hansard - 156 - Feb/8/23
Hon. Ed Fast
  • Feb/8/23 6:45:53 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, I am familiar with that article. I am familiar with those statistics, and they are damning of the Liberal government because we could do so much better as a country. We are so rich in human resources and in natural resources. We are high-tech leaders, yet somehow, we are falling further and further behind when it comes to our economic performance. Part of that is the fact that we are no longer an attractive place to invest in. We can do better.
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