Thank you.
As I mentioned, we did a research study for the Council of Ontario Universities, just in Ontario. It's actually quite substantial. We looked at the economic impact of universities on the regional economies. We looked at the activities and the human capital. In fact, we did direct, indirect and induced impacts.
I have a stat here from that report. The combined impact of university spending in Ontario is $96.2 billion, which is about 11.7% of the provincial GDP. That was in 2018 to 2019.
I have a comment on human capital—