M. Scott Reid: Ai-je tort de penser qu'un acteur aussi important que l'est le fonds de placement du RPC sur le marché canadien des actions a un effet négatif considérable sur son propre taux de rendement? En effet, lorsque vous achetez une action vous en faites monter le prix puisque vous représentez une portion considérable des sommes investissables dans ce titre et des capitaux qui se transigent sur le marché.
Mr. Scott Reid: Would I be wrong in assuming that when you are as large a player as the Canada Pension Plan investment fund would be in the Canadian equities market, you would have a substantial negative impact on your own rate of return because of the fact that when you purchase any equity you have the effect of driving up the price of that equity because you represent such a large portion of the potential moneys being put into that equity and the amount being traded on any given day in the market, and that you have a similar effect in reverse, but also to your own detriment, when you attempt to sell any of those equities?