For Canada, the figure for the year just ended includes the federal government's net debt, which is approximately 31%, and the net debt of all provincial governments, which stands at approximately 50%, less the net assets of the Canada Pension Plan and the Québec Pension Plan, which also stand at approximately 50%.
This is a combination of these three factors. Two of the factors include the indebtedness of the governments and the third comprises the assets of our public pension plans.