For full disclosure, I have a wealth adviser. I don't know what I own or don't own in any of those companies. In my prior lifetime, I knew I had shares in oil companies, natural gas companies and so forth. Today, I don't know, so I just want to put that on the record to be up front.
However, the S&P/TSX and the subsectors are performing exceptionally well. We know that. We also know that the IMF came out with its economic growth forecast and said Canada would grow the fastest in 2025, at 2.4%, which is even faster than the United States.
Chair, as I indicated previously, we run a deficit of about 1% of GDP, while the United States is going to be running a deficit of 6.5%, and it may even get larger. In my view, that is unsustainable, and there will be a reckoning.
Mr. Clarke, you have commented that not all capital gains are equal. What did you mean by that?