Mr. Speaker, the hon. member reveals a lack of understanding of what the Investment Canada review process consists.
First, Investment Canada is located in the Department of Industry. Second, the threshold issue will be determined by an official, the acting president of Investment Canada, on whether or not Seagram is a Canadian controlled corporation. If it is, there is no Investment Canada review required.
This indicates his hypothesis is incorrect. The review is based on an application initiated by the purchaser, which in this case is Seagram, rather than by the acquired company.
There is no real or apparent conflict in the visit that the Minister of Canadian Heritage paid to producers in Los Angeles.