Let me go to Ms. McClenaghan.
We seem to have a discrepancy as to whether this is meeting international standards. The minister came before us and said, when we were talking about the actual $650 million cap, “this number is based upon what is happening internationally”.
I'm a bit confused. Translated into Canadian dollars, this talks about Europe, $1.5 billion; Japan, $1.4 billion; the U.S. pools, unlimited.
Is $650 million correct? Is it equal? Is it the same? Is it different?