Mr. Speaker, the hon. member mentioned in his speech that 80% of magazines on the stand are foreign magazines. Let me give him some true facts.
The government has also been saying that 50% of magazines purchased in Canada are foreign magazines, but the latest numbers on readership, taking into account controlled circulation, the magazines distributed via bulk delivery, including magazines received in newspapers, show that only 4.9% of magazines read in Canada are bought off the stands.
Magazines received by paid subscription account for 35.7% of magazines read in Canada, and 59.4% of those magazines read are received through controlled circulation. Therefore, 75% of all magazines read are received by controlled circulation and 95% of those magazines are Canadian owned.
In light of these facts, I ask the hon. member once again, in dollar terms, what is the value of the subsidies they will be giving to Canadian businesses and possibly to American businesses?