Thank you. I appreciate that.
I attended a speech last week that was given by Derek Burney. I'm sure you know who Mr. Burney is. He made the comment--one that I happen to agree with--that Canada needs to focus, as the finance minister has said time and time again, on building productivity. This government put in place the accelerated capital cost depreciation for manufacturing, but very importantly, on October 30, we signalled to the world very aggressive tax measures to help our major companies compete, to put us on a very competitive footing, and to attract foreign investment.
My concern is that when we previously had very high tax rates and a very low dollar, we really didn't focus on productivity. It has led Canada to a position where we have to catch up on the productivity curve a bit.
Would you agree that the government's decisions to reduce taxes and encourage investment through accelerated capital cost depreciation allowances is moving in the right direction?