I can add to that, as well.
Zooming out on the broader dynamics of innovation, it's been pretty well observed over decades that there is a certain “winner take most” effect to innovation-heavy industries—especially, as Nicholas said, industries where you have assets like data and IP that have the function of locking competitors out. To some extent, that's a healthy dynamic. If you innovate and create a good product or service, and if you're able to commercialize that effectively, that's good.
However, there are limits to this. I think what we've seen, especially with the big tech giants, is that they're sitting on IP they've extracted from this country via hiring. They create these research branch plants, commercialize the IP abroad, and then sell the products back to Canadians while sitting on data assets that are the products of a very large program of surveillance. This is essentially bad for Canadians and competition.
The innovation dynamics of competition, I think, are a bit underappreciated in competition policy discourse in this country. That's why we made our submission this spring, to try to change the channel a bit and increase awareness of how our sector is particularly impacted in the competition policy space.