I think $25 billion would be a windfall for any riding in Canada. That said, I think that number is a little misleading because that $25 billion is with respect to the flow of transactions through a jurisdiction such as Cayman. If you look at a country—take Canada—that is a very trade and export oriented economy, engaging in international business is a key element of the Canadian success story when it comes to the economy of our country. The ability to facilitate that through a variety of jurisdictions, Cayman among them, is important within that as far as the global competitiveness of Canadians, Canadian business, and financial institutions is concerned, which ultimately brings benefit back to this country. Barbados would be another good example where you do see a high volume of activity flowing through that country. That is not $25 billion invested in Cayman. That's $25 billion flowing via financial transactions through that jurisdiction.
On March 21st, 2013. See this statement in context.