Bill C-34

National Security Review of Investments Modernization Act

An Act to amend the Investment Canada Act

This enactment amends the Investment Canada Act to, among other things,
(a) require notice of certain investments to be given prior to their implementation;
(b) authorize the Minister of Industry, after consultation with the Minister of Public Safety and Emergency Preparedness, to impose interim conditions in respect of investments in order to prevent injury to national security that could arise during the review;
(c) require, in certain cases, the Minister of Industry to make an order for the further review of investments under Part IV.1;
(d) allow written undertakings to be submitted to the Minister of Industry to address risks of injury to national security and allow that Minister, with the concurrence of the Minister of Public Safety and Emergency Preparedness, to complete consideration of an investment because of the undertakings;
(e) introduce rules for the protection of information in the course of judicial review proceedings in relation to decisions and orders under Part IV.1;
(f) authorize the Minister of Industry to disclose information that is otherwise privileged under the Act to foreign states for the purposes of foreign investment reviews;
(g) establish a penalty not exceeding the greater of $500,000 and any prescribed amount, for failure to give notice of, or file applications with respect to, certain investments; and
(h) increase the penalty for other contraventions of the Act or the regulations to the greater of $25,000 and any prescribed amount for each day of the contravention.

Access to Information, Privacy and Ethics

[Bernard Généreux, Conservative, Montmagny—L'Islet—Kamouraska—Rivière-du-Loup, QC]

Madam Speaker, I am pleased to rise to speak today.

I thank my colleague for pronouncing my riding name so well. She did a very good job. Above all, she has a wealth of experience, having been a minister in a previous government, which did a great deal for technology, among other things.

We are talking about a report on facial recognition technology that was tabled two years ago. The reality is that the government has had two years to act on the report's recommendations. Unfortunately, it has done nothing.

Many of our colleagues here have talked about Bill C-27. I have the pleasure of serving on the Standing Committee on Industry and Technology, which is responsible for Bill C-27. It is important to understand that facial recognition is nowhere to be found in Bill C-27. It is a bill on artificial intelligence and privacy, but there is not a single line in that bill that talks about facial recognition.

I would like to review the chronology of events surrounding Bill C‑27. This is important, because it gives us one more opportunity to consider how the government operated. Earlier on, my colleague from Winnipeg North said it was transparent and proactive, that it was doing lots of things, that it had introduced bills, and that it was holding consultations. I have news for him: On June 16, 2022, two and a half years ago, Bill C‑27 was introduced for first reading here in the House. On November 4, 2022, six months later, we debated it at second reading. The bill reached the Standing Committee on Industry and Technology on April 24, 2023, another six months later. However, Bill C‑27 was delayed when other government legislation was given extended consideration, including Bill C‑34 and Bill C‑42. Therefore, to some degree, the government deliberately delayed consideration of the bill.

During the study of Bill C‑27, we heard from numerous witnesses. We learned that 300 groups had been consulted. The problem is that they were consulted after the bill was introduced, not before. Surely, if the minister had consulted the organizations beforehand, he might have been able to include something about facial recognition in his bill. It is good to hold consultations, and we have absolutely nothing against that. It is an important thing to do, but ideally, it should be done before the bill is introduced, to avoid situations like the one we are in now, namely that we are still debating Bill C‑27 at the Standing Committee on Industry and Technology. I think there are roughly 250 amendments, including 55 amendments that the government moved to its own bill. How can such a thing happen? How can the government introduce a bill and then move 55 amendments a year and a half or nearly two years later? Someone somewhere must have done a bad job drafting the bill if, after introducing it, the government ended up consulting 300 groups and moving 55 amendments. We call that working backwards.

On September 26, 2023, we began studying Bill C-27, and we heard from the industry minister, who, we know, is an excellent salesman. I will give him that. Since the member for Winnipeg North told us to try to say nice things about what the government is doing, I will do just that. The government has an excellent Minister of Industry. He is a good salesman. I have no doubt he could “sell fridges to the Eskimos”. It is incredible. That said, I think that as the bill progressed, the minister was put in a position where he should have backed down, in a sense.

Contrary to what my colleague from Beauport—Limoilou said earlier, Bill C-27 does not cover a whole slew of topics. It covers two: artificial intelligence and privacy. The part of the bill on privacy is what we are debating right now. The progress of Bill C‑27 has been hampered because the Liberals want to establish a tribunal, even though no other country in the world has done that. We do not want this bill to establish a tribunal. There are already other authorities that could do this work, such as the Privacy Commissioner. We do not want to create an additional authority because that would require additional funds.

We also want Bill C-27 to move forward. The minister keeps telling us that Mr. Bengio from the University of Montreal is the father of AI in Canada and basically in the world. When Mr. Bengio appeared before the committee, he said that we needed to act quickly. We want to, but the reality is that the bill is ill-conceived. The very first witnesses who appeared before the committee told us that this bill is poorly designed.

First, artificial intelligence should have been addressed in a separate bill rather than bundled together with privacy, even though we agree that these two topics have elements in common. That does not necessarily mean that the two topics needed to be addressed in the same bill.

We moved several amendments to this bill. I must say that the committee is working collaboratively. In some committees, there are attacks, it is very politicized, it is very political and it is very partisan. I must say that at the Standing Committee on Industry and Technology, we all work very collaboratively. We try to move bills through as quickly as possible, but in the case of Bill C‑27, that was unfortunately not possible.

Other events took place in 2023 and 2024. I think we have done an amazing job. At committee, many witnesses came to talk about artificial intelligence itself, and their testimony was very interesting. One witness in particular surprised us a bit. They practically said that we are facing a third world war, a technological war that will be fought not with weapons, but with AI. We were a bit shaken when the witness told us that. We thought they were being a bit alarmist, but the reality is that we heard very solid arguments from the experts from across Canada who also appeared at committee on this topic, at the invitation of the various political parties.

Europe has just passed legislation on artificial intelligence. Here in Canada, if the government had been willing, this bill could have been split up to separate the two subjects. We could still do that. Right now, we could limit ourselves to resolving the issue of AI, in line with what just passed in Europe and what is about to pass in the United States. Their bills have been studied extensively. Quebec already has a law in effect, Bill 25. It is not fully aligned with the legislation that will be created in Canada. A number of legal experts told us that all the provinces' laws absolutely must be consistent with the federal legislation. All of these things come into play.

Facial recognition is a fundamental point when it comes to Canadians' quality of life. We have to make sure that people will not be identified by technology that will allow racial profiling, for example. Obviously, we do not want that anywhere. Just two weeks ago, a former Montreal police chief said that there was racial profiling in Montreal. The City of Montreal will probably be charged for that. Things would be even worse if we had tools to facilitate racial profiling.

I see that my time is up. I am happy to answer questions.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act

[Rick Perkins, Conservative, South Shore—St. Margarets, NS]

Mr. Speaker, I think it obviously was that way. I attended some of the natural resource committee hearings and meetings on that, and it seemed that the government members there were totally opposed to considering any other additions that could fix, help or improve the bill. That is obviously not the experience I have had in some other committees. In particular, I am vice-chair of the industry committee, a very collegial committee on Bill C-34, which amended the Investment Canada Act, and the government agreed to many of the amendments the opposition made.

Right now there are many amendments to Bill C-27, perhaps one of the most consequential bills that Parliament has dealing with privacy and artificial intelligence, a complete replacement of our Privacy Act, and we have already passed six amendments to the bill from all parties. The government is operating in a very different way in very different committees, which surprises me, but maybe it should not surprise me that it does one thing in one place and says another thing in another place.

Message from the Senate

[The Speaker, Greg Fergus]

I have the honour to inform the House that messages have been received from the Senate informing the House that the Senate has passed the following bills: Bill C-34, an act to amend the Investment Canada Act; Bill C-67, an act for granting to His Majesty certain sums of money for the federal public administration for the fiscal year ending March 31, 2024; Bill C-68, an act for granting to His Majesty certain sums of money for the federal public administration for the fiscal year ending March 31, 2025.

Resuming debate. The hon. member for Terrebonne.

Natural Resources

[Ryan Turnbull, Liberal, Parliamentary Secretary to the Minister of Innovation]

Mr. Speaker, our government will always stand up for Canadian workers in Canadian industries.

Our government has been clear from day one that we will always welcome foreign investment and trade that encourage economic growth, innovation and employment opportunities in Canada. We know that economic security is national security. Bill C-34 would implement the ICA and bring forward improvements so our government can act more quickly when required.

Opposition Motion—Passage of Bill C-234 by the Senate

[Francesco Sorbara, Liberal, Vaughan—Woodbridge, ON]

Mr. Speaker, it is always great to rise in this most honourable House. I will be sharing my time with the hon. member for Steveston—Richmond East. It is great to see everyone this afternoon. I hope that all my colleagues and their families are doing well on this Tuesday.

I am pleased to take part in today's debate. Rather than indulge in Conservative partisan attacks on the pollution price, let us talk about what matters most to Canadians: making life more affordable and ensuring that Canadian families have good jobs and good futures for themselves and their children. That has been the focus of our government since day one and we will continue to be on that tangent.

As Canadians continue to feel the effects of global inflation, our government understands that it remains difficult for too many families to make ends meet.

We are seeing very strong indications that global inflation is rolling over. We have seen that in Europe where inflation is at 1.8% or so. We have seen that in the United States where some indicators have it down below 3%. We have seen rent inflation in the United States actually roll over to the downside. We have seen that in recent indicators in Canada. I strongly believe, as an economist and someone who worked on Bay Street and Wall Street for many years, although I grew up in small-town Canada, we will see that in the months ahead in Canada. When we look at the price of containers or look at leading indicators of the TRI index and so forth, inflation is rolling over to the downside. That is the way our economy is going. It will be a benefit to all Canadians.

Since 2015, our government has taken many actions to make life more affordable for Canadians who need it most, but we understand that some Canadians still need more support.

That is why, last week, the Deputy Prime Minister and Minister of Finance introduced new measures to support Canadians in the 2023 fall economic statement.

Of course, we are undertaking this while continuing to deliver the government's economic plan, and while also making important progress on the government's existing commitments that are helping to make life more affordable across the country.

It is clear that our measures are having a very real impact on Canadians' budgets.

I would like to give a few concrete examples.

A family with two children in British Columbia, with an income of $88,000 in 2023, could benefit from about $17,700 as a result of reduced child care costs, the Canada child benefit, the Canada dental benefit and tax relief from the increased basic personal amount, which we raised to $15,000 in 2023-24. That will provide Canadians $6 billion of tax relief from coast to coast to coast. This is money in the pockets of Canadians.

For my family, my little daughter is at day care. The families that use that day care in the province of Ontario have saved 50%, which literally means up to $8,000 in after-tax dollars, while before-tax dollars it is over $10,000. Going into 2024, they are going to see a further reduction in their day care costs, which means real savings for families across Canada. That, again, will make life more affordable for all Canadians.

In Nova Scotia, low-income students could receive more than $5,800 in additional support in 2023, thanks to increased Canada student grants and interest-free Canada student loans, the grocery rebate and pollution price rebates, known as the climate action incentive payments.

If students have a disability or dependants, they could receive an additional $12,800 in specialized student grants, plus an extra $640 per dependant and up to $20,000 toward devices that support their learning. After graduating, all their federal student loans will remain interest free. Again, student loans to youth or older folks going to school are interest free, with full repayment assistance available until their income surpasses $40,000 per year.

A 78-year-old senior in Quebec with a maximum GIS entitlement could receive more than $2,000 in additional support in 2023. That is $2,000 in seniors' pockets thanks to the grocery rebate, the GIS top-up increase for single seniors, and the 10% old age security increase for people 75 and up.

However, we know that more needs to be done to support Canadians, especially through these times when global inflation has had an impact on all economies throughout the world. That is why our government has taken further action in the 2023 fall economic statement to support the middle class and build more homes faster.

To help Canadians with mortgages, our government is moving forward with the new Canadian mortgage charter, which details the relief Canadians can expect from their banks if they are in financial difficulty.

We also understand that when it comes to housing, there is an important issue on the supply side. There is simply not enough homes for Canadians. We have known this for years. We know that we need to increase the supply of homes. We have no choice; we need to do it. There are many reasons for this. We are attracting newcomers from all over the world, whether it is in the global high-tech stream, family reunification, express entry or firms putting forward LMIAs.

We are a magnet for talent from all over the world wanting to come to live, work and invest in Canada, which is a foreign concept for the official opposition. Foreign companies wishing to invest in Canada is a great thing. We need to champion it. Literally millions of Canadians work for foreign companies that have invested in Canada, and I cannot believe the official opposition does not like that.

We also understand that when it comes to housing, we need more supply. That is why we are accelerating our work to build more homes faster. Indeed, the Deputy Prime Minister announced last week in the 2023 fall economic statement that we would introduce billions of dollars in new financing to build more homes faster.

To make housing in this country more affordable, we will put forward measures to crack down on short-term rentals. We really want homes to be used for Canadians to live in. We will also take steps to increase the number of construction workers from coast to coast to coast.

I have been talking about housing measures, but cost of living challenges also include basic needs, such as groceries. Obviously, we see that as a major problem, so we are putting forward concrete measures to tackle it.

For example, we are going to amend the Competition Act and the Competition Tribunal Act to ensure Canadians have more choice, through competition, in where they take their business. The Competition Tribunal is something I hold dearly. We need to modernize it, and we are. We have done this with Bill C-34 and with other bills, as well as measures in Bill C-56. We need to move forward on that.

Capitalism is a wonderful thing, but capitalism only exists when there are rules and regulation and competition is encouraged, which fosters innovation, choice and lower prices. The more competition we have, the better our economy functions and better jobs happen. I am a big believer in new processes and new industries being created, and that is what is happening in Canada, whether it is in artificial intelligence, fintech or the many sectors across our beautiful country.

Together with Bill C-56, we will strengthen the tools and powers available to the Competition Bureau to enable it to crack down on abuses of dominance by bigger companies, including those intended to keep out competition, such as predatory pricing. Companies should pay for predatory pricing.

We will further modernize merger reviews, including by empowering the Competition Bureau to better detect and address killer acquisitions and other anti-competitive mergers. This is very important. Canadians deserve better, always—

Oral Questions

[John Nater, Conservative, Perth—Wellington, ON]

Mr. Speaker, I am rising on a different point of order.

I am being a bit of a stickler today. I would not normally point this out on behalf of my own colleagues, but during the recent votes, a colleague walked out before the vote announcement, therefore negating his vote. This was done on purpose because the member was to be paired with a minister and was not supposed to vote. Therefore, I would ask that the vote of the member for Portneuf—Jacques-Cartier not count for Motions Nos. 1 and 2 in Group No. 1 at the report stage of Bill C-34.

Bill C-34—Time Allocation Motion

[Andréanne Larouche, Bloc, Shefford, QC]

Mr. Speaker, I thank my colleague, the member for Saint-Maurice—Champlain. I know that he runs his department with passion. I will speak briefly of the issue of closure motions in a minority government. As the closure motions keep on coming, we wonder if the government really understood the message it got from voters. They wanted it to reach agreements in the context of a minority government. Imposing one gag order after another is not what I would call taking into account the fact that it is a minority government.

We voted for Bill C-34, but as my colleagues said, there are a few blind spots. In particular, the last update to the Investment Canada Act dates from 1985. I was not very old in 1985. That was some time ago. I would like to hear my colleague comment about how this would have been a great opportunity to update it completely in order to protect our domestic head offices, not just address the issue of national security. We could have extended the scope of the act to include that.

[Elizabeth May, Green, Saanich—Gulf Islands, BC]

Mr. Speaker, this debate is not on the merits of Bill C-34, but on the use of time allocation once again. On principle, I will vote against time allocation always because this is the place where legislation gets debated.

Many members of the House are not members of the industry committee. I am not allowed to be a member of the INDU committee. I have very strong views on Bill C-34 and national security considerations on takeovers of Canadian companies, but will not be allowed to speak to this because, yet again, the guillotine is being brought down. The Harper administration did this time and time again, and the opposition knew it was wrong then. The Liberals promised that they would not, and now it is routine. Time allocation is put on almost every bill.

The hon. minister knows the high opinion I hold of him. I want to be able to discuss this legislation. I was the first MP in the House to identify that the takeover of Aecon by the People's Republic of China should have had a national security review. For a long time, I was the lone voice. We finally got it, and the deal was turned down.

I care about this stuff, and I really think every member of the House has a right to participate in debates. Time allocation defeats that right.

[Xavier Barsalou-Duval, Bloc, Pierre-Boucher—Les Patriotes—Verchères, QC]

Mr. Speaker, I will leave it to the minister to convince the public of the need for his gag order. We are debating a closure motion, but we are wondering why we are even doing that. The Liberals are only imposing closure because they already know that someone is going to vote in favour of it, and that is likely the NPD, which is part of their coalition.

My question will instead focus on the bill. I think that there is a missed opportunity in Bill C-34, and since I have the floor, I want to speak to that problem. The minister is here, so why not?

Bill C-34 modernizes the entire issue of national security to tighten the rules in that area. That is not a bad thing in the current geopolitical context. However, the government left out a major component that it would have been only natural to include in this bill. We have often raised, in the House and in public debate, the issue of modernizing the Investment Canada Act, particularly the economic interest component of it.

When a major investment is made in a business here or in a new business, or when a foreign entity purchases an existing business, how is it that the review threshold is as high as $1.7 billion? When this government took office, there was a review threshold of $300 million. That means that, now, with the exception of cases where there is a threat to national security, the government does not even take an interest in files until the review threshold reaches $1.7 billion, as opposed to $300 million.

Does the minister not think that is rather high?

[Maxime Blanchette-Joncas, Bloc, Rimouski-Neigette—Témiscouata—Les Basques, QC]

Mr. Speaker, I commend the minister on his intervention.

Bill C‑34 is certainly well intentioned. We also recognize the work that was done in committee, which enabled us to add to the bill the concept of sensitive sectors, including intellectual property and data banks that contain personal information.

However, the bill is still incomplete and that is the problem. If we were to apply the new rules proposed in Bill C‑34 to the projects submitted in 2022, only 24 of the 1,255 projects would be reviewed. That is not even 2% of all the projects. I would like my colleague to explain whether he agrees that we need to lower the review threshold to cast a wider net and have better rules that will make it possible to review all the projects so as to protect the local economy and prevent any loopholes in foreign investments.

Bill C-34—Notice of Time Allocation Motion

[Seamus O'Regan, Liberal, Minister of Labour and Seniors]

Madam Speaker, an agreement could not be reached under the provisions of Standing Orders 78(1) or 78(2) with respect to the report stage and third reading stage of Bill C-34, an act to amend the Investment Canada Act.

Under the provisions of Standing Order 78(3), I give notice that a minister of the Crown will propose at the next sitting a motion to allot a specific number of days or hours for the consideration and disposal of proceedings at the respective stages of the said bill.

Business of the House

[Karina Gould, Liberal, Leader of the Government in the House of Commons]

Mr. Speaker, I thank my hon. colleague for the Thursday question.

Tomorrow, we will continue with second reading of Bill C-57, the Canada-Ukraine Free Trade Agreement implementation act.

Next week, our priority will be given to Bill C-34 concerning the Canada Investment Act; Bill S-9, the Chemical Weapons Convention Implementation Act; and Bill C-52 to enact the air transportation accountability act.

Finally, next Tuesday shall be an allotted day.

Human Resources, Skills and Social Development and the Status of Persons with Disabilities

[Louise Chabot, Bloc, Thérèse-De Blainville, QC]

Mr. Speaker, I thank my kind colleagues whose energy motivates me when I am speaking.

Bill C‑34 was supposed to be on the agenda today, but the Conservative Party decided that we would instead discuss the 11th report of the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities, which has to do with the national housing strategy.

I think it is worthwhile debating report concurrence motions because they give the reports some visibility. The committees work hard on the report studies, and that was especially true when it came to housing. This is not the first report of the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities. We conducted an extensive study on the urban, rural and northern indigenous housing strategy. We now have another study that mainly involves the Canada Mortgage and Housing Corporation, or CMHC, because it is the one that administers the national housing strategy programs. We wanted the CMHC to report on the results of the national housing strategy, which was put in place by the Liberal government in 2017 and runs for 10 years.

Is this the right time to be having this debate? Should we have been talking about something else? In any case, we were ready to keep talking about Bill C‑34, but the Conservatives decided for other reasons to have this debate on this report.

During the study leading up to this report, CMHC employees came to testify in committee. We wanted to be able to study an important program that concerns the current infrastructure and seeks to reduce chronic homelessness by 50%. The Auditor General was harsh because we were unable to determine the targets.

All that to say that it is important that we discuss this report because that will allows us to see where things stand, to take stock of the situation. No one here disputes the fact that there is a housing crisis. We talk about it often. The cost of living and the issue of housing is top of mind for everyone. In committee, we tried to determine whether the situation had been corrected and what else could be done in terms of the amount of money invested in federal programs that are administered by the CMHC. This is part of the key recommendations of this report that the Conservative Party is asking us to study today. The majority of parties adopted this report in committee. The Conservatives have presented a dissenting opinion. That is their right.

What matters most to us in the Bloc Québécois is that the 15 recommendations in this report be implemented and that the government be held to account because CMHC is being asked a lot of questions. Let us consider the example of homelessness in this report. It is rather inconceivable that we have a strategy to fight homelessness and yet we cannot assess chronic homelessness rates any more than we could when this report was released. Even today, when CMHC and Infrastructure Canada appeared before the committee, we were told that the situation is stable. It is rather worrisome that we have reached this point.

One of the strong recommendations in the report reads as follows:

That in order to reach the Government of Canada's own target of reducing chronic homelessness by 50% by 2027–2028, that the Government of Canada show leadership by taking a whole of government approach, in collaboration with provinces and territories, to ensure wrap around services and other supports are made available to the those in need, and report back to the committee no later than December 2023 on a plan on how the government will achieve this goal.

This report contains some strong recommendations that call on CMHC and the government to take action. Although CMHC administers the national housing strategy, the government is still responsible for establishing the programs and objectives. It is investing $82 billion in the strategy through various programs. Given the housing crisis, we expect results. In collaboration with Quebec and the provinces, the program's objectives must be able to support supply and demand for social housing and affordable housing.

The committee asked CMHC some major questions. The report includes 15 recommendations. I will not read them all. We told CMHC that it must report on what is not working. Why have targets not been met? One could argue that the national housing strategy is a failure. It is a failure because the real needs centre on social housing and affordable housing. The most vulnerable members of society and low-income people are most affected by the housing crisis. The expectations are clear. Programs need to be more agile and more responsive. People should not have to wait for months, much less years, to get housing.

The federal government decided to take action and invest. It has the authority to spend money. There is no need for it to drag its feet for years before handing money over to Quebec and the provinces so that they can take action. Who is primarily responsible for housing in a given region? It is Quebec and its municipalities. The federal government decided to set up programs through its national housing strategy. We had to wait three years for an agreement. That makes no sense. As for the latest acquisition program, which was just adopted in 2022, we had to push the federal government and ask when was going to pay the $900 million earmarked for Quebec. Quebec demanded it. If the federal government wants to support housing, it has to be more flexible and tweak the conditions so that there can be real results. Many solutions have been put forward. It is interesting to hear all the witnesses in these studies. The government could act quickly.

As my colleague from Longueuil—Saint-Hubert has often said, some doors and housing units are boarded up. The national housing co-investment fund includes money for low-income housing that could be renovated. CMHC is freezing funding because renovation costs are higher now than they were then. We must take action. The process is taking a long time. We are talking about seven units and 300 units. It is not up to the federal government to do everything. However, if it decides to take action, it must take into account the fact that Quebec has the expertise and it is important to act much faster.

Some programs have made a difference, including accelerated housing programs. They were dedicated specifically to co-ops and non-profit organizations. Anyone could apply. It was faster. This produced results. Some things are working. CMHC was clearly called out in this report, which contains 15 recommendations.

I think it is important to talk about this today for one reason. When we do studies in committee, sometimes we delve more deeply into issues there than here in the House, unfortunately.

By all accounts, sometimes it is for strategic reasons that parties decide to talk about these things. In this case, we are talking about the housing crisis. I am not saying that the Conservatives are acting in bad faith, but sometimes we debate certain things without having the same objectives.

If everyone agrees that there is a housing crisis, we should be able to agree on what to do to ensure that the programs do not leave 10,000 homeless people in the street in Quebec. That is where we are.

Today, the Canada Mortgage and Housing Corporation may come tell us that we will be short 3.5 million housing units by 2030. In Quebec alone, we will need 1.1 million. We can go ahead and build housing, increase the supply and provide an incentive by eliminating the GST, but will that have any impact on the cost of housing for renters? This will take time, and a lot of housing will need to be built.

In these programs, the concept of affordability is also debatable. Is $2,200 a month affordable for a person with an average income? It is not. In the national housing strategy programs, the definitions of affordability are not the same.

Now that the national housing strategy has been around for five years, is there a way to adapt and to look forward, taking into account what we are dealing with? Is there a way to take real action to avoid speculation, to do something about the financialization that is negatively affecting social and affordable housing and to invest in a way that enables non-profit organizations to buy properties on the private market? There are all sorts of solutions. Talking about it is useful, if we follow that up with action.

If the government shelves the committee reports and there is no accountability before the deadlines we set, that would be worrisome. That is why it is useful to discuss this report. Would it be useful to refer this report back to the committee? I would say no. However, I think that it would be useful for the government to account for what the committee and its witnesses are examining. The government also needs to recognize the real players who have knowledge and skills in the area of housing: our cities, our municipalities and Quebec.

The federal government decided to invest money with the objective of increasing the social and affordable housing stock. Now it must ensure that its actions complement that objective and that it does not impose conditions. That will go a long way to resolving the housing crisis.

[Kevin Lamoureux, Liberal, Winnipeg North, MB]

Mr. Speaker, I appreciate the Bloc wanting to talk about Bill C-34, because at the end of the day, foreign interference does matter. It matters a great deal to Canadians. When we think of the position Canada is in, whether it is with regard to trade agreements or being a safe country to invest in, we are talking about the modernization of the Investment Canada Act.

Like the member opposite no doubt, I would like to see the bill go to committee. We could have done that today. It is going to take co-operation from the Conservative Party in order for that to happen. All signs are that it will not happen because the Conservatives want to filibuster and prevent the bill from passing. The member, as other members do, has concerns and would like to see it go to committee so those concerns can be addressed. I hope the Conservatives will at some point act and support Bill C-34 going to committee.

[Sylvie Bérubé, Bloc, Abitibi—Baie-James—Nunavik—Eeyou, QC]

Mr. Speaker, even if Bill C‑34 passes, modernization of the Investment Canada Act will have to continue. Part of the legislation arising from Bill C‑34 also concerns national security.

How will the government address the lack of provisions on proper analysis of economic benefit?