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Decentralized Democracy

House Hansard - 247

44th Parl. 1st Sess.
November 6, 2023 11:00AM
Context: House Hansard - 247 - Nov/6/23
Mr. Greg McLean
  • Nov/6/23 5:43:42 p.m.
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  • Re: Bill C-34 
Madam Speaker, I do not know where the government is going on this. It is obvious that for years, we were looking at transparent decisions made with the market. Unfortunately, a lot of acquisitions happen in the market around the world by foreign actors that are state-owned enterprises. Those require oversight because, frankly, state-owned actors have a different way of doing business than businesses—
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Context: House Hansard - 247 - Nov/6/23
Mr. Rick Perkins (South Shore—St. Margarets, CPC)
  • Nov/6/23 6:25:08 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, I listened with interest to the member for Lethbridge's speech, and I am particularly interested in the example she gave about Hytera. For those who are watching and do not understand, the Chinese-based state-owned company that bought it does not make money; it actually loses money every year. These state-owned enterprises are not only acquiring Canadian companies but also winning contracts by being the lowest bidder for Canadian companies not making money. Could the member please inform the House what she thinks the motivation might be of a state-owned enterprise if it is not making money in acquiring these businesses?
107 words
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