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Finance committee  I am going to ask Peter to respond.

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  They are certainly a step in the right direction, but they are not enough.

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  Madam Clerk, I would like to ask Mr. Peter Look, from Nortel, to answer that question, if you don't mind.

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  I would think the finance department is also looking at this very closely. We are in contact with them. You also have to remember that all the money put in R and D is also touching universities and all sorts of other programs. Peter, you might—

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  Certainly, Mr. Crête. We haven't seen each other for quite some time. There are two things to be considered. First of all, if we cannot carry on research and development in Canada as we are now, companies that are world leaders, such as Nortel, CAE and a number of others, will l

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  Well, when we're not successful…

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  It is a takeover bid, or the purchase of a firm by another firm, which can be either hostile or friendly. When you are sitting on a lot of money and a company can come along and buy you out and take the profits, you have no opportunity to agree. Supposing CAE were to be bought b

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  We believe that such a measure would greatly assist us. The people who decide where R&D will be carried out are not laboratory researchers, but rather, boards of directors that have one goal in mind: value for shareholders. So, when they look at this, if they see benefits, th

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  In our industries, we have to continue to do research. Companies such as Nortel Networks, Abitibi-Consolidated and Kruger have tax credits going back seven, eight or nine years. That is the case for most companies. However, as I mentioned earlier, we are doing business in highly

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  Thank you for the question. When the program was put together, I think companies were probably making better profits. The program is now 20 to 25 years old. Now we're facing not only a stronger Canadian dollar, but we're facing companies that are doing business in India, China,

November 27th, 2007Committee meeting

Nathalie Bourque

Finance committee  Good afternoon. My name is Nathalie Bourque. I am accompanied today by representatives of Canadian Manufacturers and Exporters and the Information Technology Association of Canada. I represent a coalition comprised of companies from across Canada, covering virtually every s

November 27th, 2007Committee meeting

Nathalie Bourque