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Decentralized Democracy

House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
Context: House Hansard - 240 - Oct/26/23
Mr. Kevin Lamoureux (Parliamentary Secretary to the Leader of the Government in the House of Commons, Lib.)
  • Oct/26/23 1:22:55 p.m.
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  • Re: Bill C-34 
Mr. Speaker, we are debating Bill C-34. We were supposed to be debating it a few hours ago, but instead the Conservatives, in their reckless wisdom, thought it would be better to amplify their party's position on the Canada infrastructure bank, which, as I pointed out in my debate, is totally and absolutely bizarre. Before I go on to the actual debate on the amendments, I have an observation and a plea for my Conservative friends. Canadians were disappointed when the Conservatives flip-flopped on the price on pollution, a fairly significant flip-flop. I would encourage them to do another flip-flop on the Canada Infrastructure Bank. Canadians would benefit immensely if they were to do that, so I highly recommend that. I am glad that we are finally on this debate. It is important to recognize that the last time the Investment Canada was amended was maybe 12 or 14 years ago, I believe. A great deal has taken place since then. We can talk about things such as foreign interference. Foreign interference takes place in many different ways. One of those ways is through investments, significant investments. When we think of investments, we have to think of it in two ways. There are those who will invest in Canada to get a rate of return. They are not necessarily a majority; they are not taking ownership, if I can put it that way. Then there are investments in which ownership has taken over. I think most Canadians, including myself, have a great deal of concern when that takes place. Whether we are debating the amendments or the legislation itself, we have to be very careful to recognize that we are debating ways in which we can modernize the Investment Canada Act. I want to focus on technological changes, such as the development of AI and the impact that this has on society. We have incredible companies throughout the country. We have endless minerals and potential for development and extraction. Many minerals that are in exceptionally high demand can be found in Canada. We have companies that are leading the world in certain sectors, such as anything related to companies that are technologically advanced, AI being one of those. As a government, we have been putting a great deal of focus on green jobs, recognizing the not millions, not even billions but close to a trillion dollars of investment around the world. We have to be very much aware of that. We have to realize that Canada has a role to play. We need to be in a position to protect our industries, the AI and the technological advancements that are taking place today. That is why we have things such as copyrights and patents. We do not want a company from abroad coming into Canada, buying something and then taking it out of Canada. Canada loses out because of that leading technology that was part of a company. This is why it is important we see this legislation pass. It would modernize the Investment Canada Act. Let us think of this with respect to national security reviews, how we look at certain aspects of industries, anything from military weapons development to Internet or artificial intelligence being developed in Canada, to see if it is in Canada's best interest. It is not in Canada's best interest to accept all international investments coming into our country. At times, as a government, we want to be in a position to put in some constraints, take specific actions that will protect Canadian industries and Canadians as a whole. It also ensures the type of growth we want to promote and encourage in certain sectors. In fact, we often provide incentives for those industries. Canada, through the many trade agreements we have signed off on in the last number of years, has created opportunities, not only for investment outside of Canada but also for investment to come into the country. Canada, as a result of our many trade agreements and our reputation around the world, is a great place to invest. Billions of dollars every year enter our country for a multitude of reasons. Let there be no doubt that a lot of it is because of Canada's reputation in the world as being a safe place to invest. At the end of the day, it's those and other investments that we have to be aware of with respect to how they impact Canadian jobs, not only for today, those good, hard-working middle class-type jobs, to ensure we protect them well into the future. This legislation would empower the minister and different areas of the department to do just that. It would provide a higher sense of security and ensure that the best interests of Canadians are better served. That is what I like about the legislation, and it is very timely. As we continue to grow in commerce throughout the world, we have to ensure we have the regulations and laws in place to protect the population from a wide spectrum of things that could come about. I look to my colleagues across. Instead of filibustering the legislation by doing what they did earlier, we could have been debating this. I could have been giving this speech over three hours ago. It would have been nice to have seen this legislation possibly pass before question period, as we are at report stage; it still has to go through third reading. We know that is not going to happen now because they were successful with their three-hour filibuster. However, they were the ones who made with that decision. I hope members across the way will see the value of the legislation for what it is. It is about ensuring that Canada is well positioned, from a worldwide perspective, on investments, so we are able to better create and promote industries in Canada, thereby keeping the jobs we have and growing our economy well into the future by providing well-quality jobs for our middle class.
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Context: House Hansard - 240 - Oct/26/23
Mr. Alain Therrien (La Prairie, BQ)
  • Oct/26/23 2:28:59 p.m.
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Mr. Speaker, the government must review its levels as early as 2024 and, above all, it must review them in co‑operation with Quebec and the provinces. It is currently working behind closed doors. It is right to be concerned about housing capacity. However, when it comes to health care, education, francization and transportation infrastructure, that is the job of the provinces and Quebec. Are we going to ask them what their capacity is and set the levels accordingly?
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