Mr. Speaker, thousands of takeovers have been approved, with only one rejected to date. The government is failing to protect our strategic industries. It imports the lousiest owners and exports our best jobs.
It gets worse. The Conference Board confirms the government is using Canadian tax dollars to finance these foreign takeovers that ship our jobs and resources overseas, such as Vale, Xstrata and BHP. Profitable foreign multinationals can writeoff their takeover costs against the taxes they owe Canadians. It is an absurd loophole.
When will the Prime Minister finally stand up and undertake to close it?