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Decentralized Democracy

House Hansard - 163

44th Parl. 1st Sess.
February 17, 2023 10:00AM
Context: House Hansard - 163 - Feb/17/23
Mr. Brian Masse (Windsor West, NDP)
  • Feb/17/23 10:14:06 a.m.
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  • Re: Bill C-34 
Mr. Speaker, this is about the question of trust. Since 2004, the NDP has been raising the issue of non-democratic governments owning Canadian companies. I have seen a number of them over the years, whether in the Harper administration or in Paul Martin's. It goes all the way to just last year, and we have seen takeovers. This is not only with regard to strategic assets, and what we have called for is addressing consumer issues. There are good examples: when Best Buy bought Future Shop and closed it down, when Zellers was bought by Target and it was shut down and when Rona was bought by Lowe's. It is now a private equity firm. How can we trust the Conservatives' intent on this? We have been raising the issue of private equity firms in kingdoms and other places that do not have the full disclosure the free market would have. Are we going to have the same standards for them? They are really important, especially private equity firms, because other governments own an interest in them.
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Context: House Hansard - 163 - Feb/17/23
Ms. Leah Gazan (Winnipeg Centre, NDP)
  • Feb/17/23 10:43:59 a.m.
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  • Re: Bill C-34 
Mr. Speaker, I agree with my hon. colleague that this government really has failed in terms of protecting security in Canada. Let us look back in history. It was the Harper government that increased the threshold above which a foreign takeover of a Canadian firm would be reviewed in the first place. Would the member support reducing the current threshold for a prospective acquisition of either state-owned or state-controlled enterprises to zero so that every transaction triggers a review, including a net benefit test and a national security test?
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Context: House Hansard - 163 - Feb/17/23
Ms. Jenny Kwan (Vancouver East, NDP)
  • Feb/17/23 12:30:51 p.m.
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  • Re: Bill C-34 
Mr. Speaker, the Harper government increased the threshold above which a foreign takeover of a Canadian firm is reviewed, from $300 million to a billion. Does the member stand by that decision or will he support reducing the current threshold to zero, so that every prospective transaction for either state-owned or state-controlled enterprises triggers a review?
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