Mr. Speaker, thanks to Canada's foreign investment protection agreements, Canadian investors in dozens of countries, from the U.S.A. to China, know that in the event of expropriation they will enjoy full compensation.
The same works in reverse. In this country, all levels of government must compensate for the de facto expropriation of foreign-owned property.
How ironic then that in Canada compensation is denied to our own citizens. The ability to use the land is the basis of the rural economy, yet in this country the life savings of rural Canadians are almost routinely destroyed by new regulations that impose ruinous costs in order to carry on existing farming or milling activities.
For the past three years I have had the honour of participating in an annual conference on property rights. This year's conference takes place in Calgary on October 15 to 17. High-quality speakers will continue the task of establishing a sound intellectual foundation for a renewal of property rights in this country. MPs and senators of all partisan stripes will be welcomed at the event.