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House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
Context: House Hansard - 240 - Oct/26/23
Mr. Chandra Arya (Nepean, Lib.)
  • Oct/26/23 3:53:52 p.m.
  • Watch
  • Re: Bill C-34 
Mr. Speaker, the member for Windsor West has been a long-time member of the industry committee and has a good knowledge of the various industrial sectors. I want to ask him about the impact of foreign ownership on certain segments of the industrial sector. For example, almost every company in the steel or aluminum industry is foreign-owned, and none of those steel and aluminum sector companies have had any capacity during the last 20 years. The stagnation we see with this foreign ownership does not impact the economic security of Canada, which can also be related, in one way or another, to the national security of Canada.
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Context: House Hansard - 240 - Oct/26/23
Mr. Brian Masse
  • Oct/26/23 3:54:40 p.m.
  • Watch
  • Re: Bill C-34 
Mr. Speaker, my colleague has been on this committee and others as well. His question is a really good one, and I really appreciate it. We can look at national security and a number of different things through the lens of Stelco in Hamilton, which was bought up by U.S. Steel. It actually moved some of the operations to Zug Island in Detroit, where its operations caused what was then called the Windsor hum, even though it came from Detroit. The operations there made vibrations and problems. I will conclude by saying it is a great example, because we gave up the capacity to grow and expand our steel and aluminum industry, and then the company pulled it out because they wanted less competition. The end result was that we had a painful exercise with workers who lost pensions, jobs and so forth. That is why I appreciate this question, because it is about national security, and it is also about personal security for our workers who are actually in these sectors.
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