The Canadian investment industry generally is fairly conservative. It's very consultant-driven. What we're seeing to date is that most of the expansion into foreign asset classes with the removal of the 30% foreign content limit is on the fixed income side, but we're also seeing, at the same time--and again, it's triggered by the demographic blip of Canadians getting older and the pension crisis--a move to more higher alpha products. It's probably a little bit beyond the submission here, but without question the restriction in terms of the 36 stocks identified in regulation 3201 of the Income Tax Act is a bar, a block, an impediment on Canadians in their attempts to optimize their investments to save for retirement.
On October 19th, 2006. See this statement in context.