With regard to government information on the Canadian information and communication technology (ICT) sector: (a) how many Canadian registered companies, broken down by (i) size of the firm, (ii) revenue, (iii) sector, have been acquired by foreign entities each year since 2015; (b) what is the estimated GDP loss due to these acquisitions; (c) what is the estimated tax revenue loss due to these acquisitions; (d) has the government conducted studies and reported on the economic impact of the foreign acquisition of ICT companies on (i) Canadian employment in this sector, (ii) foreign influence, cyber security and Canadian privacy; (e) if the answer to (d)(i) or (d)(ii) is affirmative, where are these studies published and available to Canadian industry; (f) if the answer to (d)(i) or (d)(ii) is negative, why not; (g) what future studies is the government undertaking to consult with the ICT sector to determine causes and impacts of foreign acquisitions and effective policies to maintain economic growth and security in the Canadian ICT sector; and (h) for each study in (g), will the results be (i) made public, (ii) tabled in Parliament?
In the House of Commons on December 9th, 2024. See this statement in context.