Mr. Chair, one of the concerns we have with the overall proposals made by the Conservatives regarding foreign investments is that it is weakening the system that was put in place in the past. For example, the project eligibility threshold is being increased. Previously a review could occur at a certain level. However, the threshold is now being increased which makes it more difficult to review foreign investments.
Furthermore, there are some things that are truly cause for concern. The example of Air Canada is often mentioned. If we allow foreign interests to take over Air Canada, I am not convinced that bankers, be they in Zurich or Tokyo, will be very interested in knowing whether Air Canada still provides services in Rimouski. We believe that the rules of the game are being changed in a way that is contrary to Canada's interests. Accordingly, we are going to propose an amendment to eliminate this possibility, that we see, of reducing protection already granted under existing legislation.