Those things didn't come up, per se.
To take a step back, the starting point for the research is that we think it's very important for Canada, as a country, to have more of what we call mid-sized companies, those that are 100 employees plus, because those are highly correlated with more spending on R and D, more hiring, more international expansion, and more innovation. So the research is on how Canada is doing in that regard.
We started the research over the course of the 2000s and we found that we're at about two-thirds the level of the U.S. on a size-adjusted basis, and the gap is even bigger now.
We looked into examples of those companies that have actually grown to get to that threshold. What we found they had in common—and this is correlation not causation—is that they invest their top core productivity and they have operations in more than one jurisdiction, either more than one province or more than one country.
What didn't come out of that were the points you were making around regulation, tax, etc. That said, I do know that our entrepreneurs, the clients we have, value simplicity. One of the reasons that this AGS effort has been relatively well-received is the fact that it gives entrepreneurs simple access to multiple federal organizations, including EDC and ourselves. So simplicity matters. But I can't give you any perspective on the extent to which regulation, tax, etc. have been impediments.