Thank you, Mr. Chair.
Thank you to all the witnesses today. This is a serious problem that we know you're working on collaboratively with the government. We've seen evidence of the actions that you've committed to taking and that you are taking. Moving forward, hopefully we'll see Bill C-49 get through the Senate so that we can make further gains in investments.
Starting with CP and Mr. Ellis, could you describe what the delay in Bill C-49 means to your capital investment programs?