Thank you, Chair.
Thank you to my colleague Ms. Dancho for introducing this very important motion today.
As we all know, it's important to us because Canada is facing a critical economic challenge with billions of dollars leaving our country every single quarter. In June alone, a net outflow of $8.3 billion in securities left the Canadian economy. This brought total capital flight in the second quarter to an astonishing $43.7 billion. I believe that number is $63.5 billion in the last five months. Investment that should be fuelling Canadian jobs, innovation and growth is instead flowing south of the border. Foreign investors and Canadian companies are sending money abroad rather than keeping it right here in Canada.
Again, I think it's very important that we include this language with the study because we just need to highlight the severity. I think we can all agree that, as Ms. Dancho said, this is an important issue facing our country.