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Finance committee Well, when I listed the net benefit factors earlier, one of the factors is the impact of the investment on employment levels in Canada and the participation of Canadians in the Canadian business that persists after the investment. So I would suggest that it is a consideration as
May 17th, 2012Committee meeting
Patricia Brady
Finance committee Without commenting on specific cases, which we can't do, I can say this is a measure that's intended to promote compliance. It's intended to promote compliance before a breach. I would suggest that in cases where there were breaches, perhaps that wouldn't have happened if these
May 17th, 2012Committee meeting
Patricia Brady
Finance committee We call the commitments “undertakings”. There are provisions in place now for the enforcement of undertakings. The minister can issue a demand when he is not satisfied that the commitments are being upheld. Then he can make an application to a court, as he did in the U.S. Steel c
May 17th, 2012Committee meeting
Patricia Brady
Finance committee That's the intent.
May 17th, 2012Committee meeting
Patricia Brady
Finance committee The factors are set out in the Investment Canada Act. They are in section 20; there are six of them. I see you nodding, so I needn't go through them. I would suggest that these amendments will provide more clarity on how those factors are interpreted, in that they'll give more
May 17th, 2012Committee meeting
Patricia Brady
Finance committee Certainly I will. Again, it's section 20 of the existing Investment Canada Act. The factors that the minister must consider are the impact of the investment on the level and nature of economic activity in Canada; the degree and significance of the participation by Canadians in t
May 17th, 2012Committee meeting
Patricia Brady
Finance committee The competition policy review panel was struck in 2008. It was an expert panel, led by Red Wilson. The report they came out with also came out in 2008; it's often called the Wilson report. As part of their review of Canada's competitiveness, they reviewed the Competition Act and
May 17th, 2012Committee meeting
Patricia Brady