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Decentralized Democracy

House Hansard - 250

44th Parl. 1st Sess.
November 9, 2023 10:00AM
Context: House Hansard - 250 - Nov/9/23
Mr. Yves Perron (Berthier—Maskinongé, BQ)
  • Nov/9/23 3:34:43 p.m.
  • Watch
  • Re: Bill C-34 
Mr. Speaker, the Bloc Québécois thinks that Bill C-34 does not go far enough in protecting our economic flagships, our head offices, and the innovative efforts of SMEs, which are being bought up by foreign entities. Often, they come up with important innovations that become profitable abroad. We do not think that enough transactions are being reviewed. I would like my colleague to elaborate on that. Does he think that we need to do more to protect our head offices and innovative small businesses?
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Context: House Hansard - 250 - Nov/9/23
Mr. Damien Kurek
  • Nov/9/23 3:35:21 p.m.
  • Watch
  • Re: Bill C-34 
Mr. Speaker, my colleague from the Bloc is right. There are many examples where there are innovations. We have an incredibly innovative culture here in this country. An example is my home region of rural Alberta, whether it comes to the oil and gas sector and the incredible innovations that make our energy sector the cleanest and greenest on the planet, which we can depend on and be proud of, or whether that is in agriculture, where we see incredible innovations. We need to ensure there is that security so that when somebody innovates in Canada, it does not end up being stolen from them, even if it is a small investment. Sometimes it is not the billion-dollar acquisitions and mergers that will make headlines on BNN Bloomberg. Also, we heard stories of fishing ports on the Atlantic coast where there were strategic investments meant to control and take away opportunities from Canadians. We have to ensure that we get it right. The member is right that this bill does not address all those concerns. It takes some steps, but certainly more needs to be done. It is too bad that the Liberals did not take our advice seriously and pass the common-sense amendments that we brought forward during the committee discussions.
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