In your comments, you had referenced competitiveness and I don't think it was by mistake that it was the first item on your list. You suggested that, at present, there's a diversion of investment taking place in Canada, as well as the retreat of investment in Canada. This is something that's been echoed by economists and other commentators across Canada. We've seen a massive exodus of investment from Canada.
I want to read a quote from your CEO, Mr. Steve Williams. He said, “Absent some changes and some improvement in competition, you're going to see us not exercising the very big capital projects that we've just finished.”
What did he mean by that? Can you explain to this committee why a company would spend billions of dollars in building production capacity and then be forced not to exercise those projects the way that Mr. Williams suggested?