First, I would like to open by saying that anyone who knows anything about me knows that I do not fear competition. In fact, 45% of Canada Post's current business is fully competitive. The direct marketing business, the parcel business, we are up against some of the most sophisticated logistics companies in the world, and I think with the engagement of our people we're holding our own. So I'm not fearful of competition.
What I would like the committee to perhaps discuss with me is this fact. When foreign postal administrations come into Canada, they do not have the obligations that the honourable members of Parliament have imposed on Canada Post. They do not have the obligation to deliver the mail to all Canadians at a price that is regulated at two-thirds of the inflationary increase and then only if it adds up to one cent. They do not have the obligation to maintain a network of facilities across the country that is much larger than the logistics requirements of any modern post. They do not have the obligation to keep 7,000 retail outlets, which is bigger than Wal-Mart's retail establishment worldwide—