Mr. Speaker, I certainly do not disagree with my hon. friend with respect to competition, and that is why we have taken the commissioner's advice. That was the basis of the report that he gave us last fall. It was incorporated into the deal with Air Canada which is being enshrined in the legislation.
We believe that there will be real competition as a result of this bill. We believe that the commissioner has the powers on predatory behaviour and predatory pricing. He will be able to hold Air Canada to account. We do not think it is necessary to surrender our sovereignty any further by raising the foreign ownership limit.