The government has been criticized for failing to appreciate the potential chilling effect of significantly changing our foreign investment rules several times in the past year as it was making controversial decisions.
The government has actually denied that there has been a decline in merger and acquisition activity, although we saw that in the first quarter of this year, as we saw reported this week in the Globe and Mail. or they're saying that it's due to global economic conditions.
Would you care to comment, Mr. Facey or Mr. Krane?