Discussion · Government Orders
Melissa Lantsman Conservative
“The finance minister does not understand foreign investment. When foreign companies buy Canadian companies, profits, decisions, and ideas leave Canada without creating new jobs. He should not celebrate this.”
“Mr. Chair, that answer is condescending and it does not show that he, as finance minister, understands what foreign direct investment is. It means a foreign company buying a Canadian one. Strategic decisions are moved abroad. The intellectual property moves abroad. The profits move abroad. He knows that as the finance minister. Again, he is treating those in the House like we are stupid. C.D. Howe finds mergers and acquisitions generally do not create new jobs or investments, so why is the minister celebrating in the House the hollowing out of the Canadian economy?”
Official Hansard
Mr. Chair, that answer is condescending and it does not show that he, as finance minister, understands what foreign direct investment is. It means a foreign company buying a Canadian one. Strategic decisions are moved abroad. The intellectual property moves abroad. The profits move abroad. He knows that as the finance minister. Again, he is treating those in the House like we are stupid. C.D. Howe finds mergers and acquisitions generally do not create new jobs or investments, so why is the minister celebrating in the House the hollowing out of the Canadian economy?