Mr. Speaker, I would like to thank the hon. member for his great work on this file relating to both Vale Inco and Xstrata.
Our community, although we are neighbours in terms of our ridings, we both live in greater Sudbury, has been devastated by foreign takeover. We understand that there needs to be foreign investment, but foreign takeover has completely changed the way these businesses are doing business within our community. Who ends up getting hurt? Small-sized and medium-sized businesses are having to shut their doors. We have steelworkers who have been on strike for eight months. The company is refusing to go back to the bargaining table.
This is actually stopping these people from going back to work and then helping our economy because they spend money in our economy. They spend money in our small-sized and medium-sized businesses. They use their credit cards. We are talking to them about using them efficiently and that is why we are fighting the credit card companies to ensure that rates are lower. But foreign investment is something that is needed, not foreign takeover. Unfortunately, we have seen that loud and clear in Sudbury.