Mr. Speaker, I welcome this motion. It raises some very important points that we in Parliament should consider.
The member will know that we have added national security under the Investment Canada Act, which was a very important addition. It in fact allowed the government to say no to the MDA deal which he referenced. The industry committee played a very important role in that, which the member referenced with respect to the former member.
I want him to address in particular section (d) of the motion with respect to encouraging foreign investment. At the end he touched on state-owned enterprises. I would ask him to address how we should react to state-owned enterprises. He is right. China Minmetals wanted to buy 100% of Falconbridge and take it off the TSX entirely.
I am wondering if he could address the impact this motion would have on state-owned enterprises, as well as companies listed on the TSX. Obviously the concern is that if a foreign takeover occurs and the company is taken off the TSX, then it obviously affects jobs in that area, especially the financial services sector.
Could he address those two points in particular?