Industry committee  We know of no evidence to date that would suggest Canada is closed for business resulting from the administration of this act.

Industry committee  There's no other jurisdiction that I would prefer have implemented here in Canada. I think the act does have its benefits for Canada. It's designed for the benefit of Canada. We would like more transparency and predictability so that when non-Canadian investors come here, they ha

Industry committee  I'm really not in a position to comment on any particular transaction. The investors would, no doubt, have made an application to the minister and supplied all the information required and requested, and I think there's no doubt that they all would have entered into lengthy and d

Industry committee  I echo my colleague's remarks. In terms of the Red Wilson report, amendments were made to the law that require the minister to give reasons for disallowance, so that was implemented. I understand the investment review division is working on an annual report, so that also appears

Industry committee  Lowering the threshold would of course increase the number of transactions reviewed by the Minister of Industry.

Industry committee  The acquisitions of cultural businesses are at the lower $5 million threshold at this point.

Industry committee  It's hard to predict what impact it would have on foreign investment. It would increase the number of reviews by government.

Industry committee  Certainly, Mr. McTeague. It's my pleasure. In answer to your earlier question, while we've not discussed Mr. Goldman's suggestion of backgrounders, without a doubt the Canadian Bar Association supports disclosure information, subject to concerns of confidentiality, from the mini

Industry committee  Mr. Chair and honourable members, good afternoon. My name is Oliver Borgers. I am a partner in the competition law group of McCarthy Tétrault in Toronto. I am here today as the chair of the foreign investment review committee, also known as FIRC. The committee focuses on the In