Mr. Speaker, I wonder if my colleague could expand on his point about the importance of strengthening the Investment Canada Act to ensure that approvals of foreign takeovers actually benefit workers and their communities.
To be clear, the NDP is not against foreign investment. We are opposed to the kind of foreign takeovers we have witnessed in several parts of Canada, such as northern Ontario, Hamilton, Newfoundland and northern Manitoba.
The NDP has consistently called for lowering the threshold for public review of foreign takeovers, ensuring public hearings are held in affected communities, and requiring publication of the reasons for decisions and the conditions to be met by approved foreign owners.
Here are the facts. There have been over 13,500 foreign takeovers in Canada and almost 400 in the last year.
Here is another fact. The federal government has disallowed only one. That is right, only one, and that is due in part to the work of Peggy Nash. The NDP plan is totally achievable if only the government had the will and vision to do so.