Thank you, Mr. Chair.
Thank you very much, Mr. Minister, and thanks to your officials for being here this morning.
I note that we just have a few minutes left. I want to pursue and have us elaborate on two topics, if we could. The first is venture capital, and the second is competition in the telecommunications sector, provided we still have time for that second one.
I'll start with venture capital. You touched on this in your concluding remarks, Minister.
I can certainly confirm that our decision to amend section 116 of the Income Tax Act has been widely applauded in my community of Kitchener--Waterloo. Could you please elaborate on why that change is important, first of all, and secondly, on what other initiatives our government has taken to encourage domestic venture capital through, for example, the BDC or other vehicles?