International Trade committee  We could triple it, sir. We can triple the container volume on our two terminals right now, and CN can triple the amount of freight volume it's carrying on its major rail artery connecting central Canada to the eastern seaboard here.

International Trade committee  Is it time for the Panama Canal?

International Trade committee  Thank you. On that note, let's extrapolate on that specific question on the Panama Canal. The impact we foresee on that is neutral to positive, because what's happening right now is shippers sending goods around the world on different services that are transiting the Panama Can

International Trade committee  The trade line right now that we handle with the United States is that approximately 17% of the business that comes in and out of Halifax by containers is destined to originate from the United States. When we look at the European trade model, and what CETA is the framework for,

International Trade committee  So you can see that the trade lanes are completely different in how they are going to be conveyed.

International Trade committee  Am I out of time?

International Trade committee  First of all, productivity gets very close to the comment I made about reliability and velocity. The CETA agreement, by strengthening the bilateral trade between the EU and Canada, should help us go to the best models, best cases, best scenarios. We already work very closely at

International Trade committee  That is absolutely crucial. The Government of Canada's 50% investment in the $110 million worth of projects that I just referred to, which we're completing now, is essential. As I mentioned earlier, it's really about reliability and velocity, in addition to the pricing and sup

International Trade committee  I'd say when we look at it in strategic terms, it's more likely New York. Most people don't realize that only a year ago, CN, the Port of Montreal, and the Port of Halifax embarked on a joint trade mission together through Southeast Asia. In many respects, we were having a strate

International Trade committee  It's significant, sir. The other important thing is what trade lane that ship is on. If it's going down the east seaboard of North America, starting in Halifax and going all the way down to Savannah, that's a specific trade lane. If it's going down and then through the Panama a

International Trade committee  I love to talk about this.

International Trade committee  They are Montreal, CN, and the Port of Halifax. So on face value, you'd think Montreal and Halifax are competing for this. On a strategic level, we both bring something very unique to the market to support Canadian enterprise and business. Montreal has a very good track record of

International Trade committee  There are several. Feed ports could be Bremen, they could be London, Le Havre, Antwerp. Two of the bigger ones we service right now are Antwerp and Bremen. Now, the transit time, generally at an economical steaming speed, is about five days. So it depends on the—

International Trade committee  Thank you. In terms of the first question, we recognize very clearly that, as we said, this is bilateral trade; it must benefit both parties—the Europeans and the Canadians. So to that extent, we have to be out in the market building awareness and knowledge about supply chain ef

International Trade committee  Your previous question addressed a number of the shippers. Statistically, they were already engaged in the traffic. We can anticipate an acceleration around some of those. Specifically, the one that we understand will be a net beneficiary under CETA is the Atlantic-based seafoo