The short answer is that we deploy our capital in Canada wherever Canada has its strengths.
One of these is the financial services sector, if you look at the public side. You would also see us investing significantly in energy on the conventional side, on the renewable side and—increasingly—on the transition side. How can our capital help high-emitting sectors transition over time? It is strategic capital for that purpose.
We're not heavily invested in agriculture and farmland, other than in companies that are significant players—as with potash, for example. Sadly, we started a strategy to invest in farmland, largely in Saskatchewan. They did not like that. They passed a law preventing us from investing in farmland. This meant we could no longer invest in farmland. That is an example of political risk.
