IN THE HOUSE ~ Question Period - on foreign takeovers of Canadian firms
October 7th, 2004 - 6:50pm
38th PARLIAMENT, 1st SESSION
Mr. Peter Julian (Burnaby—New Westminster, NDP):
Mr. Speaker, my question is for the Minister of Industry.
More than 11,000 Canadian businesses were taken over by foreign investors under the Mulroney and Chrétien governments. Nothing could be easier than getting Investment Canada's green light for an acquisition; the light is always green.
Will the minister commit today to review the Investment Canada Act to secure an effective examination of foreign takeovers of Canadian firms, including human rights, labour and sustainability standards, starting with the expected Minmetals purchase of Noranda?