SoVote

Decentralized Democracy

House Hansard - 156

44th Parl. 1st Sess.
February 8, 2023 02:00PM
Context: House Hansard - 156 - Feb/8/23
Ms. Leah Gazan (Winnipeg Centre, NDP)
  • Feb/8/23 5:58:42 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, Chinese insurance agent giant Anbang took over B.C.-based Retirement Concepts, a Canadian company that operates senior living facilities. At the time of acquisition, Anbang was a privately owned corporation. After a review by industry Canada, the takeover was approved, and relatively shortly afterwards, the company was seized by the Chinese government, which now holds 98% ownership. At present, there are no provisions in the ICA that would allow industry Canada or the minister to be able to review this subsequent acquisition by a state-owned enterprise of an ICA approved takeover or merger by a foreign private company. Does the member opposite not think that this is an issue? Does he agree that amendments are required?
120 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 156 - Feb/8/23
Ms. Leah Gazan (Winnipeg Centre, NDP)
  • Feb/8/23 6:28:03 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, the Harper government increased the threshold above which foreign takeover of a Canadian firm is reviewed from $330 million to $1 billion. I am wondering if the member stands by that decision or if he supports reducing the current threshold to zero so every prospective transaction by either state-owned or state-controlled enterprises triggers a review.
59 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 156 - Feb/8/23
Ms. Leah Gazan
Mr. Speaker, I have raised this several times in the House before, to refrain from using the words “our indigenous people”. We are not owned. We are independent individuals. We are human beings and we are not owned by anybody. I would like to remind the member not to use the word “our”.
57 words
All Topics
  • Hear!
  • Rabble!
  • star_border