Mr. Rob Wright:

There is a lot of international competition for economic activity. That is not all bad. I think some of the tightening of financial regulatory requirements in the United States led the UK to compete for a greater portion of the global financial market activity through principles-based regulation. Some of the sentiment in that way was probably rewarded in the Davos comparators of where is the best place to do business if one is a businessman. Canada has a strong financial regulatory sector. Our banks have talked about how important it was through the crisis to have that, but people do not like being regulated. The banking sector is extremely important in Canada and Canadian bank leaders are very strong leaders in the business community and so one must have this sector that is attentive to what they are saying, but does not stray from one's regulatory needs.