House of Commons Hansard #166 of the 41st Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was c-15.

Topics

Member for Mississauga—Brampton South
Statements By Members

October 22nd, 2012 / 2:15 p.m.

NDP

Olivia Chow Trinity—Spadina, ON

Mr. Speaker, since her return from the summer, the member for Mississauga—Brampton South has given four statements but none highlighted events in her riding. She did not mention the United Achievers' Club Annual Scholarship and Recognition Awards held on September 15, or the Sikh community town hall meeting held on September 30.

Brampton Day, a celebration of all things local in Brampton, happened just one month ago. Again, nothing from the member.

Just yesterday, the Brampton Battalion hosted a special Olympics day. Players and fans bought red laces in support of the Special Olympics.

Why were none of those events worthy of celebrating in this House?

There are many wonderful community events happening in every riding all across Canada.

I encourage members to take this time to highlight the Canadians who help build our vibrant communities and not simply repeat fabrications cooked up in the Prime Minister's office.

The Environment
Statements By Members

2:15 p.m.

Conservative

Michelle Rempel Calgary Centre-North, AB

Mr. Speaker, I have some wonderful news for my colleague from Trinity—Spadina.

According to “Canada's Emissions Trends” report, Canada's emissions in 2010 virtually stabilized while we saw a growth in our economy by 3.2%.

What does that mean? It means that our greenhouse gas emissions are lowering while our economy is growing. Our policies with regard to regulating the coal-fired electricity sector and the transportation sector and investing in clean energy technology and in climate change adaptation are seeing a reduction in greenhouse gas emissions. This is great news for our constituents.

However, what we will not do is take $21 billion out of the pockets of Canadians to see these things happen. We are getting the job done without taxing Canadians. Canada is in good hands.

Foreign Investment
Oral Questions

2:15 p.m.

Outremont
Québec

NDP

Thomas Mulcair Leader of the Opposition

Mr. Speaker, in 2010, the Conservatives promised a clear and transparent foreign takeover review process.

That was two years ago, and Canadians and foreign investors are still thoroughly confused. At midnight last Friday, like a thief in the night, the Minister of Industry rejected Malaysian state-owned company Petronas's bid to take control of Progress Energy. But why?

What criteria did the minister use in deciding to reject Petronas's offer?

Foreign Investment
Oral Questions

2:15 p.m.

Mégantic—L'Érable
Québec

Conservative

Christian Paradis Minister of Industry and Minister of State (Agriculture)

Mr. Speaker, Petronas did propose a transaction. As Minister of Industry, I was not satisfied that the transaction would be a net benefit for Canada. Under the act, starting from that point, the company has 30 days to make additional representations. We are ready to welcome foreign investment that is in the best interests of the country.

Foreign Investment
Oral Questions

2:15 p.m.

Outremont
Québec

NDP

Thomas Mulcair Leader of the Opposition

Mr. Speaker, that does not mean a thing. We still have no idea.

Is this the kind of transparency we are going to get? The criteria for evaluating foreign takeovers are not clear or transparent. Conservative ministers make multi-billion dollar decisions in the dead of the night. No wonder investors are left in the dark. It is not good for business and it is not good for the economy.

Without clear criteria, we do not know whether these decisions are influenced by cronyism or by partisan political purposes. The Conservatives promised reform of the Investment Canada Act, but have not delivered. Why can they not make the net benefit test clear for investors, for Canadians and for all to see?

Foreign Investment
Oral Questions

2:20 p.m.

Mégantic—L'Érable
Québec

Conservative

Christian Paradis Minister of Industry and Minister of State (Agriculture)

Mr. Speaker, on Friday night, I announced, as the Minister of Industry, that I was not satisfied with the fact that the proposed transaction would be a net benefit for the country. Therefore, starting from that point, the company has 30 days to make additional representations. We all know we welcome foreign investment that is in the best interests of Canadians.

Canada Mortgage and Housing Corporation
Oral Questions

2:20 p.m.

Outremont
Québec

NDP

Thomas Mulcair Leader of the Opposition

Mr. Speaker, speaking of lack of transparency, today we learned from The Globe and Mail that the Minister of Finance was moving toward the privatization of the Canada Mortgage and Housing Corporation.

Could the Minister of Finance inform the House, and, indeed, all Canadians, why he wants to dismantle a 60-year success story at the CMHC? It was just four years ago that private mortgage insurance schemes in the United States nearly sank the global economy. Why does the Minister of Finance now want to take Canada down the same road?

Canada Mortgage and Housing Corporation
Oral Questions

2:20 p.m.

Macleod
Alberta

Conservative

Ted Menzies Minister of State (Finance)

Mr. Speaker, the fact is, despite what The Globe and Mail said, there are no plans to make that change at this time. Our government is focused on implementing economic action plan 2012 and if the opposition members had cared to read that, they would have seen that we had actually included action to improve the oversight at CMHC.

Canada Mortgage and Housing Corporation
Oral Questions

2:20 p.m.

NDP

Peggy Nash Parkdale—High Park, ON

Mr. Speaker, the minister says “at this time”.

If the minister goes forward with his plan to privatize the CMHC, thousands of homeowners and those who dream of buying their first home will suffer disastrous consequences. We saw the same thing happen in the United States: the privatization of Fannie May and Freddie Mac was a complete fiasco.

Are the Conservatives really following in the footsteps of one of the greatest economic failures of all time?

Canada Mortgage and Housing Corporation
Oral Questions

2:20 p.m.

Macleod
Alberta

Conservative

Ted Menzies Minister of State (Finance)

Mr. Speaker, as I said, there are no plans to do that at this time. However, we always need to recognize that we can strengthen oversight in our country. We have seen examples in other countries where there was a lack of oversight. That is why we have actually strengthened CMHC's role.

The Environment
Oral Questions

2:20 p.m.

NDP

Peggy Nash Parkdale—High Park, ON

Mr. Speaker, it is not surprising that he does not know, and it turns out Conservatives do not even know what was in their own budget. They are so used to making things up they just cannot stop themselves any more.

On Friday, the Minister of Foreign Affairs said that changes to the Navigable Waters Act were on page 282 of the budget. There is no mention of that on page 282 of the budget, only reckless plans to cut transportation.

Why would the Conservatives remove environmental protection for thousands of lakes and river, even though they never once mentioned it in their budget?

The Environment
Oral Questions

2:20 p.m.

Charleswood—St. James—Assiniboia
Manitoba

Conservative

Steven Fletcher Minister of State (Transport)

Mr. Speaker, this legislation has always been and remains about navigation and navigation only. The amendments would focus resources to ensure that this would still be the case. This would not affect the government's protection of the environment. In fact, I can list several pieces of legislation that do deal with the environment : the Canada Environmental Protection Act; the Federal Sustainability Act; the Fisheries Act; the Migratory Birds Convention Act; the Species at Risk Act. Shall I go on?

Foreign Investment
Oral Questions

2:20 p.m.

Liberal

Bob Rae Toronto Centre, ON

Mr. Speaker, I wonder if theMinister of Industry could explain to us how Petronas will tell the government what is of net benefit if the government has not told it what is not of net benefit. If the government has had those conversations with Petronas, could it please tell the Canadian people?

This whole process is in the dark. It should be transparent.

Foreign Investment
Oral Questions

2:20 p.m.

Mégantic—L'Érable
Québec

Conservative

Christian Paradis Minister of Industry and Minister of State (Agriculture)

Mr. Speaker, as the leader of the Liberal Party mentioned, the investor has the opportunity to make additional representations in the next 27 days.

I announced that I was not satisfied that the proposed investment would bring a net benefit to Canada.

As the member knows, we have the law. It is clear. There are factors under article 20, plus guidelines. As we all know, we welcome an investment that is in the best interests of our country.

Aboriginal Affairs
Oral Questions

2:25 p.m.

Liberal

Bob Rae Toronto Centre, ON

Mr. Speaker, I have a question for the government regarding the Indian Act. A member opposite described this legislation as a colonial statute from Canada's past that has nothing to do with the present.

Will the government now tell us what it plans to do to ensure true equality between the Government of Canada and Canada's aboriginal populations? When will that day come?