I'm going to let Paul deal with that, but let me make two observations. One, corporate consolidation is going on worldwide. It's going on here. It's going on elsewhere. And there are some very real reasons for that.
Second, the flows actually do go in both directions. Paul is going to talk about that in a second.
Third, it comes back to the issue that was just addressed, and that is that we do seem to have an inexhaustible supply of debt finance to facilitate, whether it be hedge funds or other private pools of capital, taking companies out of the public domain. This is not just in Canada; this is a global phenomenon, and it is an issue that, as a central bank, we have to be concerned about.