Thank you.
I agree with much of what Roger Martin said. We're the party of deep corporate tax cuts, and I'd like to see Canada as the Ireland of North America. But today my focus is more narrow. I have advanced the hypothesis that this big exchange rate jump will have major negative effects on jobs. What's happened so far is just the tip of the iceberg of what will happen in a year from now, given that there are lags, assuming the dollar remains about where it is. So now is the time for a plan, because governments should look to the future and not just to today.
First I want to do a survey of our witnesses. Do you agree with this hypothesis that if the dollar stays where it is, the layoffs and job losses that will occur 12 months down the road will be much greater than what we've seen today?
I won't ask Mr. Hardacre, because he's confirmed my point that the effects will occur in 2008, but maybe Mr. Jackson, Mr. Nantais, and Mr. Laneville could respond.