Lightfoot has said that his fingerpicking is based on Travis style...thumb, index, and middle finger. There is a Frets Magazine article, and an Acoustic Guitar Magazine article floating around on these fan sites that goes into more detail than I can about his style and his gear.
As background, in an interview about ten years ago Ian Tyson said that he and Gord picked up a lot of technique from Red Shea.
Gordon site Bob Gibson also.
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