We are maybe one of the few companies in Canada that I think benefits from a strong Canadian dollar. We report our numbers in Canadian dollars, so when the Canadian dollar strengthens, it actually has the effect of reducing our revenue. We have a lot of non-Canadian dollar revenues, so when we translate into Canadian dollars, when the Canadian dollar is stronger, it tends to understate or depress our Canadian reported revenues in EBITDA, but most of our capital expenditures are in U.S. dollars. Our two big capital expenditures are buying satellites and buying rockets, and the supplier of those pieces of hardware tend to sell in U.S. dollars. So yes, when the Canadian dollar is strong, it helps us a lot.
I also mentioned that we have a significant amount of debt, and as I mentioned, most of our borrowings were achieved outside of Canada. The U.S. market simply has a better understanding of our business, and U.S. lenders as a result are more willing to lend to us. Most of our debt is in U.S. dollars, so when the Canadian dollar is strong, we translate that U.S. debt over into Canadian dollars, and as a result our debt is reduced. That helps us.