Mr. Speaker, it was so important to reduce the threshold to zero to account for intangible assets, for small mines in the natural resource sector and for businesses that could fall below the threshold, but would ensure a strategic asset for a state-owned enterprise or a foreign government that does not necessarily have the best interests of Canada at heart. What we are doing with this amendment is following along the lines of our other like-minded nations to protect strategic assets in Canada or corporations.
In the House of Commons on October 26th, 2023. See this statement in context.