Mr. Speaker, I will share my time with the member for Kingston and the Islands.
I am pleased to respond to the hon. member for Carleton's earlier observations about foreign investment in Canada. The issues raised in the Standing Committee on Industry, Science and Technology's report on the Investment Canada Act are important ones.
Canada must attract foreign investment that is beneficial to Canada while protecting this country's interests, which include national security. That is what the government is working on in accordance with the general provisions of the Investment Canada Act, in co-operation with Canada's security organizations and economic departments and by reviewing our policy directions.
These are national security guidelines, which were recently strengthened with added emphasis on important review factors, such as transfer of and access to sensitive technology, potential impacts of investment on critical minerals and how a given investment might provide access to sensitive private information held by Canadian companies.
Under the Investment Canada Act, the Minister of Innovation, Science and Industry must consult the Minister of Public Safety and get their recommendation on national security reviews. That process includes consulting all relevant investigative bodies—