Madam Chair, you have an amendment in front of you that proposes a change to the CN Commercialization Act, whereby it will allow CN to increase its shareholder ownership limit from 15% to 25%. It's a minor technical amendment. It could be made to the bill to make this increase effective upon royal assent. This would simplify the process for CN and align with the policy intent of the proposal.
It's a change requested by CN; they think it will help them.
This amendment seeks to ensure that the bill is fair and equitable to all stakeholders. No other railway company is subject to such limits.
Thank you.