Mr. Speaker, for Canada, Bill C-55 is the best solution to a complex situation, for it fully respects our international trade obligations and fits in with our traditional cultural policies.
It will ban a practice which threatens the continuing success of the Canadian periodical industry, namely elimination of Canadian content by offering an unfair advantage to foreign publishers as far as advertising revenues are concerned. This bill protects against price gouging, which already goes on domestically, even in the U.S.
Above all, it maintains fair market conditions for Canadian publishers, without imposing a tax or in any way limiting the content of periodicals, creating subsidies, or limiting readers' choice.
This bill is, therefore, a logical and effective solution.