While my position is that the ICA regime is working well and investors are approaching the government preclosing on a voluntary basis, we could look to the model that the Americans piloted in 2018 and adopted in February 2020, which requires that certain types of investments regarding a specified list of critical technologies or critical infrastructure are notified at least 30 days before closing.
While my position is that the system is working well, that's a model that the committee may want to examine to make sure that, first, we are addressing the problems that Mr. Balsillie has identified, and second, we act in a manner that's consistent with our most important trading partner and there is harmonization and alignment between Canada and the U.S on foreign investment reviews.