As we know, Mr. Speaker, foreign investment is very important to Canada. This government appreciates that, which is why we are continuing to ensure that Canada remains an attractive place to invest.
Foreign investment brings many benefits. In particular, the Statistics Canada report shows that foreign companies operating in Canada are more productive. They pay higher wages. They create more jobs. All of this contributes to research and development. It is all good news for Canada.
The recently appointed competition policy review panel, the so-called Red Wilson panel, will be further examining ways that we can increase our competitiveness in the global economy. I look forward to receiving its work.