Thanks.
Welcome, Mr. Leduc. It is great to have you here and great to hear about the CPP Investment Board's mandate and purpose.
I think we can all agree we want to see the Canada pension plan do well for Canadians because so many Canadians have a stake in your success. I, for one, wish you always the very best. As a government, we've been trying to improve investment conditions in Canada, so it's not to take the approach that we should be forcing pension plans to invest more in Canada, but we should actually be working in partnership to improve the environment for capital to flow to major projects, for example, for infrastructure that our country can benefit from.
We've heard anecdotally from John Graham and others publicly in statements that there's a lot of interest from global investors in Canada. We just heard from the group of pension plans in Australia who said they're excited to invest, alongside Canadian pension plans, in major infrastructure projects, etc.
How is the outlook in Canada changing for you? How are you evaluating, because you're weighting your portfolio right now? You have 12% in Canada. You've said that it's weighted significantly towards investing in Canada already. Do you see the outlook as having improved in Canada for you? It seems that anecdotally other investors see it that way.
Could you speak to that?