Thank you very much. I certainly appreciate your taking the time today to be with us to share your expertise. It has been enlightening.
My first question is for Mr. Hart. I've been reviewing a report from the Institute for Research on Public Policy . I'm going to quote from the report. On page 3 it says:
...Canada has been losing its attractiveness, relative to other countries, as a destination for foreign investment. Canada's share of global inward foreign investment has been falling since the mid-1980s, and this result holds true whether we include emerging markets or not. Given the positive benefits that come with foreign investment, including technology transfer and increased domestic competition, this trend has harmed Canada's prosperity.
That was a very interesting point that I found in the IRPP study. I want to ask you, Mr. Hart, if you agree with that statement. Second, do you think it's because we don't have a transparent and predictable system, or is it because of other reasons?