44th Parl. 1st Sess.

February 15, 2024 10:00AM

Context: House Hansard - 283 - Feb/15/24

Feb/15/24 6:50:26 p.m.
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Madam Speaker, it is no surprise that I disagree with the member opposite. I think the stats and the actual information out there actually proves the opposite. Canada is rated number three in the world in foreign direct investment. We have also been rated by BloombergNEF as the number one place for investment in electric vehicle supply chains in the whole world. The automotive manufacturers in Canada and around the world are taking major steps to transition to electrification. As a result, demand for EV batteries is expected to grow exponentially over the next decade. Canada is uniquely positioned to take advantage of this transition with its existing expertise in the automotive sector, clean energy and an abundance of critical minerals and access to global markets. However, Canada will not be able to secure these investments without taking steps to remain competitive. Restricting the use of foreign—

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House Hansard - 283