Thank you, Mr. Chair.
Thank you to our witnesses for appearing here today.
I don't know. I think in putting your best foot forward you're almost making the argument that you should have nothing to fear from being regulated under Bill C-33.
Let me just make sure that I understand this correctly in terms of accountability. It's your position, and you can correct me if I'm wrong, that you want to remain accountable to CN and CP through the terms of your contracts with them instead of having a direct regulatory relationship with Transport Canada with respect to Bill C-33. Am I understanding that? Is that a fair summation?