Perfect.
I'll move on to Dr. Exner-Pirot.
How nice to meet you again. I think I was introducing you at the Banff Forum about a year ago. It's so nice to see you again, virtually.
Imperial Oil, which last year increased its dividend by 20%, announced last week the layoff of 900 or 1,000 jobs in Calgary. You were cited on September 30 in a CBC article where you spoke about global trends in the oil and gas sector. You said, “This is obviously extremely painful for Calgary and extremely painful for Canada, but this is part of a much broader…series of layoffs”.
Can you explain what you meant by “a broader series of layoffs”?