Honestly, I don't have a solution for how you would finance outside of Canada right now. I think it just slows down the pace of growth as you build up equity in those countries and you establish banking relationships in those countries.
Philosophically I'm kind of opposed against guarantees from the government. I would like less government involvement, not more. So I really don't have an answer for how we provide financing to Canadian companies for working capital outside of Canada.
I will give thumbs up to EDC. It does an outstanding job on the receivables side of the business.