Mr. Speaker, the hon. Bloc member is not correct. The discussions that took place between Investment Canada and Rio Tinto were among the most extensive that had ever been held in this area.
I sign off on applications only when the foreign investor demonstrates that there is a net benefit to Canada. In the context of this transaction, the undertakings were specifically secured. Montreal will be the headquarters of the one of the world's largest mining companies, the largest aluminum company in the world.
There will be commitments to Canadian representation on the board of directors, representation of Canadians in senior management in the company and, as I pointed out, capital investments of close to $4 billion, including $2 billion in the Saguenay region of Quebec.