The argument I've been making is that, because we are in this unique situation, we're right next door to the largest, most powerful.... I don't have to repeat all that. It is seen as the risk-free rate of return in the sense that it's the one country in the world where wealthy people want to go because they're not worried about being expropriated by their own government: Russia, China and so forth.
I teach this to the students. I use capital investment, foreign investment flows, as a proxy for attractiveness of the country. When more investment is flowing out of the country than into the country, investors are voting with their feet. They're saying, you're not as good as alternatives. Right now, I believe investors are saying they do not see Canada.... It's not that we're a bad country. It's just that there are better alternatives in the United States.