Let me apologize. I'm really not an expert in labour sponsored funds.
I do a fair bit of work with venture investors all over the world. My experience in that area is that they are critical to a successful start-up economy, and I do think that historically in Canada we've always observed a significant shortage of venture funds.
My view, not backed up by research, but just looking at what's happening in the rest of the world, is that $400 million is not a lot. Even multiplying that to $1 billion is still not a lot for a country of our size.
I think it is important for the government to look at how we increase the amount of venture capital in Canada, but I can't really comment on labour sponsored funds. It's not something I practise.