House of Commons photo

Crucial Fact

  • His favourite word was billion.

Last in Parliament March 2011, as Liberal MP for Scarborough Centre (Ontario)

Lost his last election, in 2011, with 32% of the vote.

Statements in the House

Armenia October 23rd, 2001

Madam Speaker, I rise on a point of order. I stayed in the House with great interest to hear the issue that we are supposed to be discussing, that being the motion on the Armenian genocide. I am greatly saddened, but I am not hearing any of that. If the hon. member can put the motion back on track I will stay. Otherwise I am wasting my time.

Employment October 5th, 2001

Mr. Speaker, today Statistics Canada released its unemployment figures for September. Therefore would the Minister of Industry provide the House with more details of this report?

Terrorism September 20th, 2001

Mr. Speaker, on behalf of my constituents and family, I want to express my heartfelt sympathies to those who have lost loved ones in last week's tragic events and of course to express our gratitude to the brave emergency personnel and volunteers who have been working in New York and Washington for countless hours. Without them we would not even have a glimpse of hope. Let us then use them as an example of how individuals from different cultures and religious backgrounds can come together as one and help each other in such difficult moments.

The picture of September 11, 2001 will remain with us forever. We thank God for what we have and what we can do. As horrible as this cowardly act has been, we must remind ourselves of the goodness that exists in people everywhere and not to be cynical against innocent, law-abiding citizens who are just as much victims of this devastating tragedy.

As Canadians, neighbours and members of the global community of peace, we must stand firmly side by side and fight this barbaric cowardly act, an act which has struck at the heart of our freedom and our democratic principles.

Allotted Day--Anti-Terrorism Legislation September 18th, 2001

Mr. Speaker, I was very moved by the comments of the member from the Canadian Alliance. She made some very good ones. I was very interested in listening to all the speeches, but I have to express myself and offer my comments as well.

I have listened to this entire debate while following what has been going on in the United States of America. When this barbaric act unfolded it was not republicans versus democrats. It was not a political issue. As much as I am encouraged and moved by some of the stories I am hearing, I certainly do not want to see it politicized.

I will explain what I am referring to. The member made a comment that nothing was being done. That is unfair because Canada did sign the international convention for the suppression of the financing of terrorism. Bill C-16 exists and we owe it to Canadians to make clear at least that Bill C-16 addresses that issue directly.

It is also very important to indicate that $1.5 billion in additional moneys was added. I am reaching out to the members of the Canadian Alliance and the Conservative Party, urging them that we do not politicize this system but that we put our heads together and move forward on it.

Points Of Order June 13th, 2001

Mr. Speaker, I rise on a point of order. During question period I may have unintentionally implied that the corporations director of Industry Canada was reviewing the original bill of sale referred to by the Alliance member.

I want to take this opportunity to lay to rest that was not the case. As members are aware, the Canada Corporations Act is administered by the Corporations Directorate. I want to put on record that it reviewed the company's records earlier this year in response to a letter by the ethics counsellor. Once the review was completed it replied to the letter. It is my understanding that the company agreed to fully comply with the request of the act.

Grants And Contributions June 13th, 2001

Mr. Speaker, the Deputy Prime Minister clearly pointed out earlier that a copy of the bill was submitted. What the member is saying is totally false.

Grants And Contributions June 13th, 2001

Mr. Speaker, let me suggest to the Alliance Party to submit its membership for an independent audit.

More to the point, it has been requested and is being looked at, and that is it.

Petitions June 12th, 2001

Mr. Speaker, I would like to present a petition today on behalf of my constituents of the riding of Scarborough Centre.

The petitioners are asking that the Parliament of Canada, under section 15(1) of the charter of rights and freedoms, uphold the Supreme Court of Canada decision regarding Robert Latimer.

Questions On The Order Paper June 11th, 2001

(a) The antenna towers in question were authorized by Industry Canada in accordance with the procedures and standards in place for this purpose. Our requirements regarding the radio station application process, compliance with Health Canada's safety code 6, and municipal land use consultation procedures were met prior to the issuance of approval by Industry Canada. Letters to the city of Colwood from the assistant deputy minister, Spectrum, Information Technologies and Telecommunications, as well as our local director have explained the department's process and position with regard to the approval of these radio towers.

(b) Not applicable.

(c) Industry Canada's procedures require consultation between the applicant and the land use authority so that the land use authority is aware of significant antenna proposed within its boundaries and has an opportunity to make its views known. The mandatory notification and consultation with the city of Colwood did take place prior to the issuance of these authorizations. In this case, no concerns were raised to Industry Canada during this consultation process. The local bylaws provided for radio transmission towers as a permitted use and building permits were issued by the municipality. Industry Canada officials have been in contact with the city of Colwood on this matter and continue with ongoing communications with the municipality.

Canada Business Corporations Act June 11th, 2001

Mr. Speaker, I rise today to speak on behalf of the Minister of Industry in support of the expeditious passage of Bill S-11, an act to amend the Canada Business Corporations Act and the Canada Cooperatives Act and to amend other acts.

During second reading debate on Bill S-11 several hon. members took note that the bill would represent the first substantive amendment to the CBCA in over 25 years. In that time there have been significant developments in corporate governance practices driven primarily by the globalization of capital and business markets. These developments are only exceeded by the tremendous advances in technology that have made globalization possible.

Hon. members may recall that the bill is the product of extensive review and analysis that began in 1994. Consultation with stakeholders was comprehensive. There were nine discussion papers, coast to coast meetings by Industry Canada and parallel national consultations by the Standing Senate Committee on Banking, Trade and Commerce.

The reforms in the bill would improve and modernize four important areas of the marketplace framework statutes that govern business corporations and co-operatives. First, they would expand the rights of shareholders by facilitating wider communication and encouraging more participation in corporate decisions through the shareholder approval process.

Second, they would help eliminate barriers to global competitiveness by allowing corporations more flexibility in choosing directors from a wider international pool of talent.

Third, they would more reasonably define the responsibilities and liabilities of directors, officers and shareholders.

Finally, they would eliminate unnecessary regulatory duplication and reduce the cost of compliance.

All the reforms in the bill would give corporations and co-operatives greater flexibility in pursuing marketplace opportunities. Because of this, shareholders large and small can be more confident in the future value of their investments.

The reforms are a response to the new ways Canadian companies are doing business today. They would encourage corporate governance practices that are geared to long term growth and they would provide a sound framework for prospering in the global marketplace.

The level of agreement on the provisions of the bill is exceptionally high. The witnesses who appeared before the Senate committee were all but unanimous in their support of the principles of the bill as it appears before us. As well, virtually every stakeholder who appeared before the Senate committee urged quick passage of the bill. They included representatives from the corporate community, large institutional investors, shareholder activists, provincial securities commissions and co-operative associations, among others.

The reforms in the bill are long overdue. Corporations want them so they can take advantage of the efficiencies and cost savings the bill would deliver.

Investors too want a modern corporate law that helps protect the value of their securities. Shareholder activists want to be able to use the liberalized shareholder communication and proposal provisions, especially before next proxy season.

Consideration of the previous version of Bill S-19 was postponed by the dissolution of parliament last October. However the interruption allowed the government time to give further consideration to representations made before the Senate committee.

The bill would incorporate the resulting improvements, and that is what we would make into law. I am confident that hon. members will agree that we should approve the recommendations of the Standing Committee on Industry, Science and Technology and then approve Bill S-11 as amended.