I view the growing diversity as a positive situation. Our graduates will be competing in a global economy and having to deal with people and languages from all over the world.

The Canadian economy is alive and well and will continue to grow. This will be near-term positive for the Canadian dollar.

As the economy is generally positive, we see a pretty gradual strengthening in the Canadian dollar.

Fortunately, this happened in a strong economy, ... But I don't think anyone would say it will be positive.

The economy is strong enough to keep corporate earnings growing, but not so strong that inflation will be a major factor.

With the expectation that (fiscal year 2006) will be a year of 'spend' before the positive impacts are felt during (fiscal year 2007), we believe investors now have some time to wait.