SoVote

Decentralized Democracy

Rick Perkins

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • South Shore—St. Margarets
  • Nova Scotia
  • Voting Attendance: 67%
  • Expenses Last Quarter: $136,927.65

  • Government Page
  • Feb/8/23 5:45:16 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, in response to the member for Winnipeg North, I will add food as one of the industries that should be on the list. However, my question is around the issue of assets. The Investment Canada Act focuses on companies, but more and more, we are seeing Canadian companies selling their strategic assets, sometimes to countries that are not favourable to us. A company could remain Canadian but sell off a mine; a technology; or in our intangible asset world, even data. Could the member speak to the issue that, if the bill goes to committee, which I believe it will, we should be looking at it in terms of the areas of assets in addition to just companies?
120 words
All Topics
  • Hear!
  • Rabble!
  • star_border
  • Feb/3/23 1:09:11 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, I appreciated the speech by my colleague from Windsor West, who I enjoy working with on the industry committee, and the former chair who did marvellous work on it. It is a great report. My personal favourite is recommendation number one, which is that the state-owned enterprises be reduced to zero for review. The Investment Canada Act focuses on the acquisition of companies. However, it does not focus at all on the acquisition of individual assets. These would be things like a mine sold by a company to a foreign interest; or a technology sold, without the company being sold, to an interest that may not be in Canada's best security interest or net benefit interest. I do not recall hearing about this. Could the member comment on that?
133 words
  • Hear!
  • Rabble!
  • star_border