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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. Gabriel Ste-Marie (Joliette, BQ)
  • Feb/17/23 10:12:04 a.m.
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  • Re: Bill C-34 
Mr. Speaker, I thank my colleague for his very good speech and all of the constructive work that he does on the Standing Committee on Finance. He is a really valuable member of the House. The Bloc Québécois applauds this bill, but we do not think that it goes far enough. National security is important, but we are asking the government to go further and to address the issue of economic security so that we have better control over foreign investments in general and so that we can keep our head offices, our economic levers and control over our resources. Last year, only 24 or 2% of the 1,255 foreign investment projects totalling $87 billion were considered to have national security implications. In our opinion, that is not enough. We need better oversight to preserve our economic interests. What are my hon. colleague's thoughts on that?
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Context: House Hansard - 163 - Feb/17/23
Mr. Ken Hardie (Fleetwood—Port Kells, Lib.)
  • Feb/17/23 1:00:57 p.m.
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  • Re: Bill C-34 
Mr. Speaker, it should be remembered that the former Conservative government signed a foreign investment protection act with China that protected its investments in the event that Canada wanted to change legislation or do things in the interests of security. Can the hon. member reflect on what the future of FIPA might be now that China and other countries have shown their true colours?
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