In order to answer your question, I would like to give an overview of the way in which the investment application process under the Investment Canada Act works. I will be very brief.
I am the associate deputy minister of Canadian Heritage, but I am also the Director of Investments within the meaning of the Investment Canada Act and I have been in that position since September 2011. What does that mean? My role is to support the minister in administering the Investment Canada Act in relation to the foreign investments in the cultural sector. The Minister of Canadian Heritage has had those powers since 1999; she therefore reviews foreign investment in the cultural sector.