There are a number of things to unpack there, and I think they're all important. I want to respect the time you have, so I'll answer some of them. I'm sure there will be opportunities throughout these two hours to reflect on some of them.
If I could address the premise directly, when we hear, “Why don't we invest more in Canada?”, it often comes with the belief or perception that we do not invest considerably in Canada. I think this is a good opportunity to break that myth. We are one of the largest investors in the Canadian economy, at above $115 billion. Very few institutional investors have as much invested in Canada as we do. We do it because it's a wonderful place to invest.
The point about independence is critical on multiple fronts, including our ability to access global markets. If we were seen to have different non-commercial objectives—perhaps national interest objectives—it would make our life a lot more difficult regarding accessing prized assets around the world.
I will leave it at that. If there's a follow-up, I'll be more than happy to address it.
