Mr. Speaker, our position is quite clear. Canada is open for business but is not for sale. Foreign investment is essential to our prosperity. That said, the Investment Canada framework, the Investment Canada Act, is not perfect.
First, we will proceed with situations where there is a non-strictly commercial objective and unclear governance that may not be beneficial to Canada in the context of state-owned enterprises. I am currently examining the need for guidelines in such circumstances. Second, unlike many other countries, including our trading partners, Canada does not have a national security test. We will be looking at that this autumn.
We will protect the interests of Canadians while advancing foreign investment in our country.