Mr. Speaker, New Democrats would strengthen the Investment Canada Act by reducing the threshold for investments subject to review to $100 million, and providing explicit and transparent criteria for the net benefit to Canada test, with an emphasis on the impact of foreign investment on communities, jobs, pensions and new capital investments.
More than just improving the Investment Canada Act, New Democrats would govern in a much fairer way. We would take care of our small and medium-sized businesses that create about half the jobs in Canada. The Investment Canada Act is only one lever among many available to the government to help protect and create jobs. However, the government is failing to use them.
We need to take immediate action to address the job crisis in Canada.