It's a positive environment for Canadian stocks right now. We seem to be going into an extended cycle of rising commodity prices. Takeovers are creating a lot of action, supporting valuations.

Obviously, we have an obligation to the students to have a positive school environment. You do that by having some stability throughout the classroom. Most principals want to have somebody in there for the rest of the school year, even if it means hiring a retired teacher.

I don't see the incentive to tender our shares. We expect more, and hopefully we'll see more. There may be some players we're not aware of yet.

There was no robust auction that I could see. It's been a bizarre process . . . For all the effort and bravado, it's amusing.

I just don't buy the story that Zucker will walk away, because he'll trash his own holdings. There's some value there and I think someone will get it.

The Canadian stock market will continue to follow resources. Rothmans will also be a negative today.