Minister of Industry, Tony Clement,spoke at the Canadian Telecom Summit in Toronto on Monday, June 7, 2010.

  Clement said opening up Canada’s telecom sector to allow more foreign investment will help Canadian companies get access to the money they need to be their best.  The Telecommunications Workers Union (TWU) disagrees.

“We fear that opening up the Telecom industry in Canada will also open up the door to more offshoring in search of cheap labour to the detriment of Canadians,” said George Doubt, National President, TWU.  “Without the proper legislation in place, the industry will continue to offshore jobs and take advantage of Canadian communities.”

To read the entre Canadian Press article, please click on the following link (in English only):
http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b3578660

A court ruling released today confirms the federal government’s ability and obligation to ensure foreign takeovers of Canadian companies provide real benefits to the country.  The United Steelworkers (USW) Union published a news release yesterday expressing their position on the ruling.  To read the news release entitled “Court Upholds Canadian Law’s Power Over Foreign Takeovers”, please click on the following link:
http://www.usw.ca/program/content/6560.php?lan=en