Mr. Speaker, the application by Cedar Tree to acquire Retirement Concepts has been approved under the Investment Canada Act. The acquisition will result in a net economic benefit to Canada. As a result of that review, Cedar Tree has agreed to maintain the current level of full-time and part-time employees, maintain a current Canadian operator, Retirement Concepts, to continue to manage the business, not close or repurpose any of the existing residences, and to financially support the expansion of business. This will remain in place for a significant period of time.
We reviewed the transaction under the Investment Canada Act. The Government of British Columbia is doing its part—