Thank you, Mr. Chair, for the opportunity to speak to this motion. The motion deals with the Investment Canada Act and to begin with it in our next set of meetings, excluding the meeting set aside for Bill C-501, whenever it comes.
To be frank with you, this is interesting, being from Burlington, across the bay from Stelco and Dofasco, both now foreign-owned, one having difficulty, the other not. In fact, one announced an expansion, an increase in staff, and more investment. So I'm very interested in finding out why one investment in the exact same industry on the same street is successful and one is not. I am looking forward to it. I think it's an important discussion.
I can tell you, Mr. Chair, that of all the calls I get—there are lots of calls on individual problems, of course, and those are case issues and on broader policy—the vast majority have to do with either CRA or Investment Canada, to be honest with you, and what's happening with investment.
People will ask me, “How can your government allow for foreigners to come in and buy this?” My response, Mr. Chair, to be perfectly frank with you, is very polite, but I do ask them about what needs to happen for Canadians to be investing in Canadian companies. Why are Canadians, seeing what's happening in the world...? Why didn't Dofasco, for example, know that there were going to be amalgamations in the steel business? Why? They're a very big player, a very good player, with a quality product. How does their saying go, that steel is their business, but people are number one, or whatever that saying was? So why do Canadian companies wait to be sold?
Let's be frank about the Investment Canada Act. This government is the only government that ever turned down an investment. It's happened twice now. The potash one was the recent one, and a few years ago the Canadarm manufacturer--I forget the name of the company--was under threat of being sold to a foreign entity.
I watched a show last night on the CBC, or whatever. They had a roving reporter in Winnipeg and they were asking people why they weren't paying any attention to federal politics. I think today is an example of why people aren't paying attention to federal politics. There were lots of comments about how we should be working together, and so on and so forth.
At the end of the day, I think what the parliamentary secretary has proposed in terms of a priority for Canadians...it's a look at what we're doing in the Investment Canada Act. We came to a conclusion among all of us that we should study the Investment Canada Act. The parliamentary secretary indicated that people have talked about it in the past. He's quoted them. I don't have those quotes, but he's quoted other members of Parliament from other parties. It's a reasonable request.
The part to deal with the CRTC decision comes next in his proposal, and it's still in front of the length of time that's allowed for that decision, which is coming out at the beginning of March. So there is time for this committee to deal with those issues.
Is anybody paying attention? It's unbelievable. Are you paying attention to me? Oh, that's very good.
There is time to deal with the issues. Then, again, we talk about Bill C-568--