Mr. Speaker, I will highlight the fact that the member spoke of strategic interests.
I want to mention today that I was involved as a witness at the time when MDA, MacDonald, Dettwiler and Associates, was being reviewed under the Canada Investment Act as to whether it would be of net benefit to Canada for this company to remain in Canadian hands or not. I was one of the witnesses who argued that it should remain in Canadian hands, largely because of my knowledge of the space sector and realizing the strategic importance of MDA to Canada's interests.
Although it represented the only instance where a foreign acquisition was turned down, the member has highlighted a very central point, which is that there has to be a strategic element brought into the Canada Investment Act when we review possible foreign takeovers. National security can be one of those, of course, but there are other strategic interests that come into play, depending on what industrial sector we are talking about. It is important to have that approach when we are considering whether or not a company can take over a Canadian company under the Canada Investment Act.