Industry committee  I wouldn't have those specifics. I would simply say that the rationale for the high number is a function of the fact that the definition is broad, including for the purposes for national security reviews.

Industry committee  Mr. Chair, thank you for the question. I will not be in a position to speak to specific decisions on specific cases, given both the national security information at play as well as the fact that, as the member noted, they are cabinet confidences. The broader point I would make,

Industry committee  A public example would be Aecon. I would also just point to our annual report which notes the number of state-owned enterprises that have been subject to investment reviews.

Industry committee  The definition in the act says, “an entity that is controlled or influenced, directly or indirectly, by a government or agency”.

Industry committee  The definition extends to influence.

Industry committee  It is not that specific. It is broadly understood as influence.

Industry committee  Mr. Chair, I'm not in a position to furnish the committee with specifics on all of the trade practices of the WTO. I would simply note again that an entity that is controlled or influenced directly or indirectly by a government or agency referred to in the act would include such

Industry committee  I just want to make sure that.... One thing I articulated was understood, which was not that the subjectivity itself was potentially a cause for concern in terms of the value or the sentiment it expresses. What I was expressing was that the current definition—“an entity that is

Industry committee  Once again, I want to emphasize how important it is for the department to have a definition that's broad enough to include many types of harmful behaviours without having to name them all. It's important for the minister to be able to consider all behaviours and measures in order

Industry committee  Mr. Chair, I would note two important factors. One is that the wide definition and the standardized definition of SOE currently within the act allow for a consideration of a number of questions of importance that the member has raised under the existing definition of state-owned

Industry committee  It's hard to give you any examples because the act has been applied in a national security context. It's impossible for me to cite you a specific case. I would note that the minister has taken steps to oppose investments by state-owned enterprises or businesses that didn't ident

Industry committee  I don't want to focus on one case or another. I simply prefer to describe the minister's overall record and the act as regards prevention as well as the way the minister uses the act to block foreign investments or to mitigate the risk they present. That includes investments by

Industry committee  Thank you, Mr. Chair. The existing definition of state-owned enterprises in the ICA, as I noted, already allows the government to review investments that involve SOEs that would be headquartered in such a country, without setting out subjective parameters. Obviously, one can i

Industry committee  We believe that the current definition of “state-owned enterprise” in the act is sufficiently broad to capture the kinds of corporations in question. In fact, that's why they get reviewed at such a much higher rate than other investors.

Industry committee  Thank you for those questions. Two or three important aspects should be considered here. First, the member has referred to efforts by other countries to exclude organizations or corporations in a specific sector. It's important to note that these legislative measures, including