Thank you for the question.
I'll start with data sovereignty. For starters, there are three types of data, and they're all important.
The first is personal data, such as citizenship and medical data. It's important to maintain control. Sovereignty is really about control. It's important to maintain that within our infrastructure and our system.
The second is data relating to competitiveness, and this applies to all businesses, whether they're small, medium or very large. They have a competitive advantage, and it's important to be able to protect that information so it's not vulnerable to being used in all kinds of ways we have no control over.
The third is generated data, which another witness touched on. More and more, AI is being used to generate all kinds of data. Here's a specific example: Agents are being built to carry out an in-depth analysis of an entirely new industrial sector to understand it and develop an investment strategy. That kind of analysis is increasingly being performed automatically by agents. This creates new information with real economic value. That's why it's important for both the government and all Canadian businesses to control this engine of economic value creation. This is where we must continue to focus our efforts.