That's right. It's because your liquidity, at any moment, has to be considered based on the timing of your liabilities and the amount of pension that has to be paid out.
I'm glad to have this clarity because we hear voices, from time to time, saying things like, “Why doesn't the CPPIB invest in Canada?”, “Shouldn't they invest more in Canada?” or more chillingly, “Should they be compelled to invest more in Canada?”
Could you talk about the importance of the independence of the CPPIB and the peril of politicians or anybody else—though it would be politicians having to do this through legislation—undermining that independence?