Industry committee  There is a disconnect today between what our national interest is in terms of foreign direct investment, and where and what I think a large portion of the Canadian population sees that trade-off. What we're seeing also is that iteratively we are getting more strict and tougher.

Industry committee  I think we do carry some risk by not undertaking an analysis of where the capital resides in today's world. This plays into one of the comments I made in my introduction, and which Mr. Stanford also talked about, as to whether or not we have enough capital in this country. It is not about just having capital in this country.

Industry committee  No.

Industry committee  Thank you, Mr. Chair and honourable members. Thank you for inviting me. I'm happy to appear before you today. I hope to keep my remarks very short, as many great points have already been made and I don't want to repeat them. I come as a senior partner of the law firm of Torys and a practitioner in foreign investment law.