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“An important theme during the day was debate on whether there really is a network congestion crisis. CAIP argued that it is competition, not congestion that is at issue. Odlyzko surprised the Commissioners by noting that traffic growth is actually declining and that a steady rate of capital expenditures should be sufficient to meet demand (this was later confirmed by Execulink). Moreover, St. Arnaud and Reed emphasized the diminishing importance of P2P as a video delivery channel, urging the CRTC not to fight yesterday’s war.