Thank you.
Colleagues, I'm going to take a few minutes.
I was particularly interested with Mr. Williams' line of questioning. He talked about mergers and acquisitions as being somewhat anti-competitive, or having the ability to be. I appreciated your comments, Mr. Durocher, that it's dependent on the facts in a particular industry.
Because there was a focus on how there has been a consolidation in the Canadian grocery sector, can you tell this committee how that would compare to elsewhere in the world? I would expect that there has been consolidation elsewhere in this sector as well. Is that a fair assumption, or would I be wrong in that suggestion?