I do work a lot with Quebec. However, I would like to come back to one thing, because I think the way in which the Investment Canada Act works is misunderstood.
The investigative process and the minister's delegated investigative powers begin on the day we are informed of the transaction, either by notification or by public information. There are a number of stages in this process, but the national security investigation begins on day one. I think there was a reference to another step in the process, which comes later. So I want to explain to Canadians as well as members of the committee that the national security review begins on day one and continues throughout the process.
When we determine that there are reasonable grounds to believe that the transaction could be injurious to national security, we take the process further. As I explained at the outset, it is important to understand how this works, and I would be happy to discuss it with members of the committee.
People do not generally know that the analysis starts from day one, not after 45 days. It even starts as soon as we become aware of a transaction through public information. From that moment, we start our investigation.