Mr. Speaker, this bill has very important changes that have been made, for example, allowing foreign vessels to reposition the empty containers between various locations in Canada. This would make Canadian trade more attractive to global logistics companies.
As well, enabling Canadian port authorities to have access to the new Canada infrastructure bank would help critical investment that is absolutely required.
More importantly, the liberalization of international investments in air carriers from 25% to 49% is quite significant. However, I understand that the bill does not provide for any single foreign entity to monopolize the entire 49%.
I ask the hon. member to explain the restrictions that would continue on any single foreign entity from owning 49% of the Canadian air carriers.