I would suggest that the Investment Canada Act balances a number of very critical public policy priorities. One of these is the continued free exchange of investment between global trading nations and ensuring that we allow Canadian enterprises to be able to participate in the global economy with the same degree of frictionless access—or minimized friction—as possible while at the same time preserving the legitimate right of states to be able to ensure that investments into their jurisdictions are in fact of both net benefit and non-injury to the national security of their people and country.
The various aspects of the act strike an attempt to try to ensure that we are preserving all of the capacities to the greatest degree against those various objectives. Hence, the rationale for which we have maintained thresholds under which investments will not be subject to net benefit reviews, thereby corresponding with the global marketplace but still allowing all investments to be reviewed under national security provisions.
Then, what this modernization does is ensure that we actually have additional mechanisms in place under the act to allow for that to be as thorough and as considered as possible, including the capacity for the minister to reach undertakings and for ensuring that the process is complete.