Mr. Speaker, as the member knows, the Investment Canada Act provides for the review of the most significant investments by non-Canadians to ensure the net benefit to the Canadian economy. All investments, no matter their value, are subject to a national security review under the ICA. Therefore, the acquisition of a Canadian company by a foreign company would be subject to review. As the member knows, due to the confidentiality provisions under the act, we cannot comment further.
In the House of Commons on April 21st, 2023. See this statement in context.