Merci, monsieur le président, and thank you for appearing once again.
You said in answer to an earlier question that the advantage that Canadian corporations have in using financial centres like Barbados is to do business in risky markets, areas where we don't have a lot of experience or we don't have the facilities within Canada to finance them properly.
You mentioned also that we're competing in those markets against the United States, Europe, and Asia, which do have different systems in their nations, in their home countries, where they don't necessarily have to use centres like Barbados and can do the investment directly.
Could you outline what those differences are? Is it our taxation system? What are the differences between Canada and the U.S., Asia, and Europe?