Mr. Speaker, I was listening to the member's speech and, for the life of me, I do not know in which direction he is headed. He started at one point in the circle and he chased himself all the way around the circle. I will ask him a direct question which has to do with foreign ownership.
On October 26 the minister said that he would address the 10% foreign ownership regulation. He said that he would take another look at it. That has not happened yet, but there is a lot of discussion on it. The minister is willing to look at it. We now have a new Onex bid, with direct Liberal connections, that is apparently proposing 14.5% foreign ownership.
If the minister wanted to open this up for direct competition, would it not have been better to open up the foreign ownership bid early on when the Competition Act was cancelled? When the foreign ownership part is opened up 78 days later there are fewer people willing to put a bid together in the timeframe that is left during the 90 days when the regulations of the Competition Act have been suspended.
We are stifling competition. We are allowing one person to bid because they have already done their homework, they have already spent millions of dollars, and they already know how much and what limit they can reach.