Madam Speaker, the Investment Canada Act provides for review of the most significant investments by non-Canadians to ensure their likely net benefit to the Canadian economy. All investments, no matter their value, are subject to a national security review under the Investment Canada Act. Therefore, the acquisitions of a Canadian company by a foreign company would be subject to a review under the ICA.
Due to the confidentiality provisions of the act, we cannot comment further about the specific concern of the member.