Thank you, Dr. Lee. I hear you not supporting the amendments on Bill C-234 and the shrinking sunset time.
I'll shift gears a bit. There are those who are calling for more competition in the grocery retail sector. In fact, the Minister of Innovation is working the phones, supposedly, to make that happen. We've talked about the profits at the retail sector, and hear on average 3.7%, but that would only reduce a basket of groceries if they were zero, from $25 to $24. I'm wondering how a zero profit, if that was our goal, would attract or expand more foreign or smaller grocery retailers here in Canada.
With regard to the grocery code of conduct, would it not make more sense to have a market-based level playing field that is industry-led and uniform across Canada in existence? Would that not attract...? I'll cite the example of Australia, which has a voluntary code. It has attracted another retailer since the existence of the code. The U.K. has also attracted another retailer since a mandatory code was put into the U.K.
I'll start with you, Mr. McCann. Could you comment on those dynamics in other jurisdictions and how the code could potentially help bring more competitors into Canada?