Thank you, Mr. Chairman.
Thanks to our guests for being here today.
In the nursery rhyme it was said about a little girl that “...when she was good, she was very, very good, and when she was bad, she was horrid”. For this program, it seems that when it's good, it's very, very good, and when it's bad, it's really not so bad, but it needs some tweaking.
In your excellent report, Mr. Manicom, you have referred to problems, especially in Prince Edward Island and Newfoundland, that some of the motives for the program weren't being followed. Passive investment was the priority rather than the priorities named in the program. Do we have any regulatory response to that, or is this something that will come as a result of the report you discussed?