May 1, 1964 (26th Parliament, 2nd Session)


John George Diefenbaker (Leader of the Official Opposition)

Progressive Conservative

Mr. Diefenbaker:

-for he realizes the hollowness of his statement. One has only to read what the under secretary of state, Mr. Ball, said the other day to give a "Ball-ed" answer to the statements made by the hon. gentleman a moment ago. It would have been of interest to learn what the United States representatives said in support of Mr. Ball's contention that under this government there have been punitive and discriminatory tax measures taken, directed against American investment. It would have been of interest to hear Mr. Ball's contribution as a member of this group, and I would like to have known what the Canadian attitude was in this regard and which viewpoint was expressed on behalf of Canada. Was the viewpoint expressed that which is heard from time to time from the Prime Minister and the Minister of Finance? The other day the Minister of Finance spoke in New York and said, in regard to foreign investment in Canada, a matter of tremendous interest to any economic meeting of ministers:
But Canadians are worried about the consequences of ail this foreign investment upon the control of Canadian industry-

Rightly or wrongly, many of us feel the rising trend in the absentee ownership of our key industries poses a threat to our economic independence.

Full View