Thank you.
I'm intrigued by the conversation we have had around borrowing limits, borrowing capacity and financial flexibility—and these are just two examples; they're not even the biggest ports—because what struck me on our tour of ports is that in Saint John, their borrowing capacity is $8 million. It takes them $30 million to build a pier, while $8 million will buy you three houses in the GTA.
Hamilton port, which is close to my heart and to Mr. Badawey's heart because it takes in Niagara and has great opportunities for short-sea shipping, has a borrowing limit of $45 million. It's going through the process now to increase that. Of course, it's lengthy. That's a port that has four billion dollars' worth of cargo going through it and 40,000 Ontario jobs attached to that.
You talked about it briefly in your opening testimony, but maybe you could elaborate on some of the other shortcomings of Bill C-33, or missed opportunities as we look at that.
Mr. Gooch can start, and then maybe Mr. Miller can talk from the perspective of the Vancouver port, which we haven't had a chance to get to.