On the Canadian Infrastructure Bank, I think, from our perspective, one of the challenges I mentioned in my opening remarks is the huge amount of money chasing opportunities and the lack of supply of those opportunities. That's particularly acute in the field of infrastructure around the world. Valuations on infrastructure in Canada and around the world are at extremely high levels, and things are very finely priced, and we have struggled to find new investments in infrastructure.
One of the main reasons for that is the lack of a predictable pipeline of opportunities, opportunities of size. We have to keep our cost structure at a minimum, and therefore we can't have massive teams that are just on standby for when an opportunity comes along. As a result, our infrastructure team is fewer than 50 people to look at all opportunities in the world.
One of the things that we are hopeful about is that if the Infrastructure Bank gets up and running effectively, then it will increase the pipeline of sized opportunities that are available for investors like us, institutional investors. If that happens, then we'd welcome looking at those and looking at those through our risk return requirements.