Mr. Everson, you cited the World Economic Forum report on competitiveness. I know it well. You also cited regulatory overburden as the main problem for Canada's competitiveness.
I want to point out to the committee that this is drawn from an executive opinion survey part of the report. It's based on perception and not science. It has a sample size of only 98 people from an online survey.
Now a quote in the main body of the report on Canada's competitiveness says that the main challenge is this:
As we have noted in recent years, improving the sophistication and innovative potential of the private sector, with greater R&D spending and producing goods and services higher on the value chain, would enhance Canada’s competitiveness and productive potential going into the future.
Would you agree with this section of the report? Just a simple yes or no would do.