Mr. Speaker, today's Globe and Mail contains an article written by former Supreme Court Justice Willard Estey in which he expresses concern over the sellout of our Canadian economy to foreigners.
It leads me to give the corporate sellout award for the month of December to a company which has been responsible for the biggest sellout in our Canadian economy.
Our first nominee is MacMillan Bloedel, which sold out to U.S. forestry giant Weyerhauser for $2.4 billion U.S. The second nominee is Unihost Corporation, which operates in the hotel industry. It sold out to U.S. Westmount Partnership for $377 million. The third nominee is none other than People's Jewellers, which sold out to the U.S. Zale company for $75 million.
I will now look at the envelope. The winner for the biggest sellout of the month award for the month of December is Weyerhauser, which gobbled up MacMillan Bloedel, one of Canada's leading companies in the forestry industry.