A motion about the issues related to foreign takeovers written by Nickel Belt MP Claude Gravelle is due to be debated in the House of Commons today (April 28) at around 5:30 p.m.
Today is the NDP's opposition day, which means that the party controls the agenda in Parliament.
“My caucus’ decision is a reflection of the high importance the NDP has placed on the issues related to foreign takeovers in Canada,” Gravelle said. “This is part of our on-going efforts to bring attention to the consequences of federal inaction when it comes to protecting the interests of our workers and their communities.”
Gravelle’s motion is as follows:
“That, given the government's failure to act in the best interest of Canada when it allowed the sell-off of Inco, Falconbridge, Stelco and Nortel, the government should act immediately to protect the interests of Canadian workers, their communities and the strategic and long-term interests of the Canadian economy, by improving its review of foreign takeovers that involve key Canadian resource, manufacturing, high tech and, potentially, telecommunications companies, by strengthening the Investment Canada Act by: (a) lowering the threshold for public review; (b) ensuring public hearings are held in affected communities; and (c) requiring publication of the reasons for decisions and conditions to be met by approved foreign owners.”
