Today, there is much concern on the part of businesses and workers because the slowdown, especially in Quebec and Ontario, is very obvious, very definite. It is occurring at a rather astounding speed. In your view, is there hope that we will be able to round the bend at a speed that will prevent us from skidding out of control? It is not at all clear that what the United States are experiencing is anything different than a real and deep recession.
Do you think it is possible, over a rather lengthy period, to avoid having all of the negative impacts of the American recession cancel out the positive effect of domestic demand here in Canada?