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Decentralized Democracy

House Hansard - 242

44th Parl. 1st Sess.
October 30, 2023 11:00AM
Context: House Hansard - 242 - Oct/30/23
Ms. Andréanne Larouche (Shefford, BQ)
  • Oct/30/23 1:02:23 p.m.
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  • Re: Bill C-34 
Madam Speaker, like my colleague, I recognize that mergers have an impact, but hostile takeovers by foreign companies are especially worrisome. I would like him to comment on that. Bill C-34 is important and overdue. It is a welcome development, but it is incomplete because it does not actually resolve any of the issues. I would like to know what my colleague sees as the next steps. This is, of course, a good first step, but what will happen next? What can we do to better protect our economic levers? I am thinking about the head offices in Quebec, in particular. As a Quebecker, I am obviously going to stand up for my province.
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Context: House Hansard - 242 - Oct/30/23
Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)
  • Oct/30/23 1:18:02 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, unfortunately, I missed the first part of the member's speech, so I hope he forgives me if he mentioned this. The member sits on the science and research committee with me, which is looking into situations like this, where intellectual property and industry is leaving Canada because of foreign takeovers. I have talked to companies in the hydrogen tech sector, where, when they get to a certain size, they need some investment to expand to the next stage and the investment almost always comes from abroad, so the technology goes to China, the United States or Germany. I wonder if the member could comment on that process and how this legislation could help that or what the government could do to help keep those technologies in Canada.
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