Thank you, Mr. Chair.
Mr. Poschmann, you mentioned in your remarks that as much as we're talking about the Canadian dollar, it's really a U.S. dollar story, a weakness in the U.S. dollar. You talked about the world demand for energy. You mentioned the petro loonie and the effect that's having. You also mentioned the bright spots in the economy, like growing international trade.
I note that only today I learned of over $100 billion in investment going to 27 companies in Ontario as a result of activity in Alberta's oil sands. Pretty significant economic activity is occurring as a result of the growth in the energy sector. On the economic and fiscal update that was launched on October 30, you made a number of comments.
There's been some comment with respect to government incentives. Some people might call that corporate welfare. I would like to get your comments as to whether you think the very significant reductions we have made in corporate taxes, along with the accelerated capital cost allowances that we've introduced, are more beneficial over the long term to the Canadian economy. Or should we be entertaining these various notions of corporate welfare?