Thank you, Chair.
Nothing, really, that Ms. Nash says could be further from the truth. I know the NDP wants to return to the days of the Foreign Investment Review Agency. They pine for that time when jobs and investment were driven out of Canada.
We all know that foreign investment provides significant benefits to Canada through knowledge, capital access to new markets, and the creation of high-value jobs right across the country. Our government is committed to an open investment framework that encourages foreign investment in Canada as well as Canadian business investment abroad, while of course safeguarding Canada's interest.
The Investment Canada Act requires the review of significant foreign investments in Canada in order to ensure the investments bring a net benefit to our country. To help strengthen investor confidence, the government will introduce targeted improvements to the administration of the act in the interest of greater transparency while preserving investor confidentiality.
I would like to ask Mr. Peets if he could comment on the review mechanism in the Investment Canada Act and the guarantee that what we're dealing with here is a mechanism that will guarantee a net benefit to Canada.