Mr. Speaker, the impact of foreign takeovers on my community was a year-long strike at Vale Inco because the company, Vale, did not want to negotiate. They make billions of dollars every quarter. I think the last quarter they made $3 billion. Yet they were intent on taking away the defined benefits pension from the workers. They were intent on lowering the nickel bonus. They have laid off some workers. Some of our community's businesses, family-owned businesses, were forced to close.
So, yes, there was a definite impact on our community and it was not a net benefit.