Thank you, Chair.
Mr. von Finckenstein, Mr. Katz, and Mr. Keogh, it's good to see you here today.
I understand that you've worn a couple of different hats in the past. I'm glad that one isn't me appearing before the Federal Court in front of you, but I've worked with you in other files in the past.
I'll say this very quickly. You've sawed off the possibility of Canadian ownership at 49%. That assumes that you believe correctly that there is enough finance, that there is a capital pool available within Canada to continue the mission of ensuring that consumers are protected with a variety of competition as well as decent pricing and innovation.
Can you guarantee this committee....? In your understanding of the industry right now, apart from bringing together all the pieces of legislation on telecom--the Radiocommunication Act and of course the Broadcasting Act--are you convinced that the 49% threshold will continue to satisfy the ability to bring services to Canadians at competitive prices?