A little elementary figuring and a look at the quarterly profile, moreover, will tell you that, when this calculation is done for the year to March 2008, the answer is likely to be higher again.
That it is essential that the Canadian regulatory framework be guided by principles that are at least as good as, if not better than, those of other countries. However, our rules, and their implementation, must be adapted to domestic requirements and reflect the diversity in size and complexity of our publicly traded companies. So "yes!" to regulatory requirements that vary with size, but "no!"