Leonard Woodcock

Well, first of all the Dominion Bureau of Statistics made a survey in the spring of 1970, which showed that on balance the difference in the cost of living between Canadian cities and American cities was 5 % to the advantage, of course, to the Canadian cities.

And so we said to General Motors that the solution had to be a first year increase, which had to be sizeable because we had to catch up with the lost position as against the cost of living and we had to make some progress.

Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.