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Canada - US Steel Agreement

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Uploaded by on Dec 13, 2011

December 12, 2011 -- Mr. Speaker, our government welcomes foreign investment that benefits Canada. It helps the Canadian economy grow and it creates jobs. At the same time, when undertakings are secured as part of a foreign investment, we expect compliance.

In 2009, our government went to court to ensure U.S. Steel would meet commitments it made under the Investment Canada Act when it purchased Stelco. In the time since, the government has worked hard to maintain jobs in a vibrant steel industry in Hamilton and Ontario.

Could the Minister of Industry give the House an update on this important issue?

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