Mr. Speaker, as I indicated during my remarks, under section 20 of the act, there are six very clear principles that need to be addressed by the Minister of Industry as he reviews any possible investment by a foreign state-owned enterprise, or SOE.
Just to provide some level of comfort to viewers at home, Canada has the strongest economy in the G7. No less than German Chancellor Angela Merkel has said:
Canada's path of great budgetary discipline and a very heavy emphasis on growth and overcoming the crisis, not living on borrowed money, can be an example for the way in which problems on the other side of the Atlantic can be addressed.... This is also the right solution for Europe.
I just want to reassure my neighbours back home that while others might bluster and come up with all sorts of, frankly, scare tactics, our government continues to stay focused on the economy and on ensuring that we do what is best for Canadians and Canadian families. We are not about raising the price of gasoline by 10¢ a litre. We understand the devastating impact that would have on the economy. We understand that we need to attract solid, reasonable foreign investment to ensure that we have capital for our businesses to grow.