I would love to see Canadian pension plans invest more in Canada. If I may speak for them, I think they would be very happy to do so.
The difficulty they face is that many of the assets that are most attractive for them to invest in are not easy to come by in Canada. It makes a lot of sense for a Canadian pension fund to invest in the types of assets that Canadians, including Canadian pensioners, will use themselves. It makes a lot of sense for them to own airports that Canadians and Canadian pensioners are flying through. If we have toll roads, toll bridges or other types of infrastructure that pay a return, Canadian pension funds would love to invest in that as opposed to investing in other countries, especially in countries where they don't understand the environment as well or where there may be political risks. It's a great hedge for them.
I would like to see more of that kind of investment. I think the best way to attract it.... The federal government could do something here in the airport area, for example, in the short run. That's a very good way of thinking about how to boost investment here and attract capital of a kind that will be very happy to invest here at home.