To expand on that, it's about the Telecommunications Act. Being governed federally is important, as it binds Canadians together. We communicate with each other across provincial borders.
Those of us in this room are probably old enough to remember, back in the day, the telephone companies owning the telephone in your house. We are at a place right now where these telecommunications companies are quickly moving towards a dumb-pipe business model that would be working at the behest of hyperscalers, most of which exist in the States. We're going to be relying on the services of the Amazons, the Googles and the ChatGPTs of the world, which are moving through the telecommunications infrastructure that Canadians built over decades. Now the jobs are being lost.
Regulation needs to keep up with what's going on. Technology is moving extremely fast. I believe one of my colleagues here mentioned that regulation is not moving fast enough, and that's just the nature of the beast. We have telecommunications companies moving from telcos to “techcos”. We need to follow that and make sure the regulations are tight enough to ensure that the infrastructure built by Canadians still serves Canadians through Canadian jobs and Canadian sovereignty.