Mr. Speaker, that is an excellent question. The member is quite right. For six consecutive quarters, there have been more businesses that have closed than opened in Canada. A recent survey showed there are twice as many Canadian businesses that opened in 2024 outside of Canada than inside of Canada.
For the elbows-up crowd in the room, Canadians are now opening more businesses in the United States than they are opening in Canada. In the last decade, $1 trillion of net investment has flowed out of our country. A majority of Canadian pension funds are, according to Statistics Canada, invested abroad and not here at home, a problem that has worsened since the Prime Minister took office.
Now, the question was very particular: Would the million small businesses across this country benefit? Of course not. They will not be invited to the investment summit. It will just be for large multinational corporations that have political power. Small businesses that serve customers will lose. Multinationals that serve politicians in power will win.