Industry committee  The only thing I would point out, as you noted, is that the efficiencies defence has already been abolished. With respect, that is actually the current law of the land. The key, though, is there's a lacuna in that. In abolishing the efficiencies defence, efficiencies were not added as a factor that the commissioner of the Competition Tribunal can consider in the context of a proposed merger or a civil competitor collaboration.

Industry committee  Thank you, Mr. Chair. I want to express appreciation on behalf of the CBA section for the invitation to appear today. Our members have significant experience advising a wide range of clients in competition matters. We appreciate the opportunity to be heard, so thank you for that.