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Member of the National Security and Intelligence Committee of Parliamentarians

Don Davies

  • Member of Parliament
  • Member of the National Security and Intelligence Committee of Parliamentarians
  • NDP
  • Vancouver Kingsway
  • British Columbia
  • Voting Attendance: 59%
  • Expenses Last Quarter: $153,893.57

  • Government Page
Context: House Hansard - 304 - Apr/29/24
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Apr/29/24 1:06:54 p.m.
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Mr. Speaker, spending on machinery and equipment by businesses in Canada, and on research, development and innovation, has been falling as a share of GDP in Canada for many decades, in fact dating back to the large corporate tax cuts that Paul Martin introduced at the turn of the century. To compare us to the United States, in 2014, investment support per worker in the U.S. was $20,700, and it was $14,400 in Canada. In 2023, the U.S. spending per worker rose to $27,800, and it is only $14,500 in this country. It has gone up $100 in about 10 years. I am wondering whether my hon. colleague would agree with me and the NDP that we need to find ways to have the business sector in this country invest more in machinery and equipment and in technology and innovation, and whether he has any ideas to share with the House as to how we could do that to better support workers and, by doing so, improve Canada's economy.
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Context: House Hansard - 302 - Apr/18/24
Mr. Don Davies
  • Apr/18/24 12:34:20 p.m.
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Madam Speaker, I have seen the numbers and I listened to the finance minister state that Canada is leading the G7 in foreign direct investment. I would turn my attention to domestic investment. I am not interested in having only foreign companies come into Canada to develop our economy. I want to build strong Canadian businesses and strong champions here at home. We have a lack of investment by Canadian companies in machinery, equipment, technology and innovation that has been lagging and dropping for many years. That is one of the prime reasons Canada is not reaching its potential as an economy. We should be the wealthiest country in the world. We have everything in this country: land, minerals, oil and gas, food, a well-educated population and strong social supports. However, we are not reaching our potential. That is because of decades of poor economic decisions made by successive federal governments that failed to fully harness the potential that is here.
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Context: House Hansard - 247 - Nov/6/23
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Nov/6/23 5:55:37 p.m.
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  • Re: Bill C-34 
Madam Speaker, we know that Parliament significantly reformed the ICA in 2009. That was of course done under a majority Conservative government led by Prime Minister Harper. At that time, a very ill-advised step was taken. The Conservative government raised the thresholds that would trigger a net benefit review of an investment under the act and eliminated most sector-specific requirements, with the notable exception of cultural businesses. At the same time, Parliament enacted provisions that granted the federal government more extensive powers to screen and potentially block any foreign investment that could threaten national security. Does my hon. colleague know how many investments have been blocked since 2009 under the foreign investment national security criterion?
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