Industry Committee on Feb. 17th, 2011

Evidence of meeting #58 for Industry, Science and Technology in the 40th Parliament, 3rd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was review.

A recording is available from Parliament.

On the agenda

Investment Canada Act

MPs speaking

David Sweet
Mike Wallace
Mike Lake
Anthony Rota
Siobhan Coady
Robert Bouchard
Peter Stoffer
Louis Plamondon
Peter Braid
Serge Cardin
Bernard Généreux
Dan McTeague
Dave Van Kesteren

Also speaking

Clerk of the Committee  Mr. Jean Michel Roy
Marie-Josée Thivierge  Assistant Deputy Minister, Small Business, Tourism and Marketplace Services, Department of Industry
Richard Saillant  Director General, Investment Review and Strategic Planning Branch, Department of Industry
Pierre Legault  Assistant Deputy Minister, Department of Justice

5:30 p.m.

Conservative

The Chair Conservative David Sweet

Okay. So that answers the creep situation: that if you bought 49%, as soon as you went over the threshold, then you'd have to report, even though you're already presently an owner.

5:30 p.m.

Director General, Investment Review and Strategic Planning Branch, Department of Industry

Richard Saillant

That's right.

5:30 p.m.

Conservative

The Chair Conservative David Sweet

Very good.

Thank you very much. You've been very helpful to the committee.

The meeting is adjourned.