It's about the same for Canadian and foreign companies. Okay.
Under division 16, the minister can access up to $1 billion dollars and, with that money, purchase equity in private companies and hire and fire boards of companies. Essentially, if you wanted to, or if the minister wanted to, they could simply buy a bunch of companies and call it procurement and Canadian-source it.
You mentioned that this is standard procedure and it will be reported back to Parliament and everything. In fact, it doesn't have to be reported back.
Can you name a single comparable federal procurement authority that allows that sort of expenditure without any accountability whatsoever and without the duty to report back to Parliament?
