In terms of the changes in the process for borrowing, I think right now—if I understand this correctly—an increase in the borrowing limit requires a recommendation by the minister. There has to be an independent financial assessment of that. Treasury Board has to sign off, as does the Minister of Finance, and finally cabinet.
The downside to this is that it takes a long time to get approval for an increase in the borrowing limit. The upside is that there is a certain amount of check and balance to it.
On the new changes that are being proposed or contemplated in Bill C-23, how many and which ports would be affected by the new borrowing code? That's my first question.