SoVote

Decentralized Democracy

House Hansard - 154

44th Parl. 1st Sess.
February 6, 2023 11:00AM
Context: House Hansard - 154 - Feb/6/23
Ms. Rachel Blaney (North Island—Powell River, NDP)
  • Feb/6/23 1:12:48 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, I thank the member for his speech. I have certainly been in the House to hear a lot of them, and I appreciate the effort he takes to make sure that his voice is heard. As always, I encourage him to allow some of the backbenchers to also have a voice. Getting to the point, one of the challenges, which the member mentioned in his speech, is that Canadians are feeling less and less trustful. They are very concerned about how assets are moved in this country and how foreign entities are participating. One thing I have a concern with is a loophole around postclosure notification requirements. We know that things go through a process, but if something happens afterwards, a certain amount of time is given that often allows foreign investors to move sensitive assets out of Canadian businesses before the federal government even becomes aware of them. That really concerns me and the NDP because we want to make sure that the process is clean. If we are going to have foreign investment in this country, there should be accountability at a much higher level, because that is what Canadians need to hear. I am wondering if the member could speak to that loophole and if there is going to be any effort to support amendments that will fix it.
224 words
  • Hear!
  • Rabble!
  • star_border