Mr. Speaker, yesterday it was Vale, U.S. Steel, Potash and Alcan. Tomorrow it could be the TSX. Today, however, it is Xstrata and Xstrata is taking Canadian taxpayers and workers to the cleaners.
Nickel prices are up 50%, production is at a record in this country, and Xstrata's profit on nickel was half a billion dollars. What does it do? It turns the massive profit into a paper loss by selling off a property in Brazil so that it would not have to pay taxes here in Canada or contracted wages to the workers.
Why does the Prime Minister let Canadians down like this?