Thank you, Mr. Chair.
I'd like to thank both Professor Morck and Professor Hejazi for their presentations.
I would characterize your presentations as primers on foreign direct investment--foreign direct investment 101. It's a sort of theoretical exposé of the benefits of foreign direct investment.
However, this committee is focused on some very specific situations, namely the telcos, and the highly converged telcos, which of course include not only the transfer of information but a very important content that is linked to the Canadian identity. That is the issue we're grappling with.
We have a telecom act, as you know, and we have a broadcasting act.
I'll ask my first question to Professor Morck. You say the current telecom situation that exists in this country is inefficient. So that I understand what you mean by that, could you elaborate a little more on the current situation?