Thank you very much, Mr. Chair, and my thanks to all of our witnesses.
I had the opportunity to be out at the Paterson plant in Bowden, and I had a chance to see the loop tracks working. I know that very soon on CN, not too far from me, there will be a similar one. Farmers in central Alberta are looking forward to that. It seems to be working extremely well. The fact that you can keep the locomotives hooked on the entire time and the amazing speed at which they are able to move product is certainly helpful. I know that this investment by both the grain companies and the railways is certainly appreciated.
In our discussions today, one comment was about the delay in harvest and how people are necessarily behind. There was grain that had come off in August and September. The problem was that we didn't have the sources. The shippers didn't have all the grain that they typically would have so that they could mix and move out what they wanted, so there are certain types of commodities that had difficulty that way. It's starting to move now and there's still the issue of when the train is going to be there, and the grain companies are getting all their crews together and expecting that a train will be there. It doesn't always happen the way in which it is intended.
When we're talking about investments to make grain cars and to deal with all of that and the tracks, the first thing you need is steel. There is a serious concern with the billions of dollars being invested by both CN and CP and how much they're being caught up in trade and tariff issues.
I'm wondering if both CN and CP could give a perspective on that so that we get an idea of how it might affect each of you.