Mr. Speaker, I have a question for the member.
Does he realize, as evidenced by the cases mentioned in the NDP motion, that sometimes foreign ownership is synonymous with closures, layoffs and violations of agreements signed with the government? That is what will happen if there is no review process for transactions of up to $1 billion, which represent a huge number of jobs.
We have heard that people come to exploit our resources. We know that it takes secondary and tertiary processing of our resources to see economic development.
If we cannot have an impact assessment on transactions under $1 billion, the risks will increase with the number of companies that will avoid having to undergo such assessments. There is also the risk of companies moving, which causes us to lose more and more business and development opportunities.