Yes, you are correct. Things are going to get worse if the government does not do anything. In my presentation, I stated that for the entire country, one out of every six jobs in the manufacturing industry has been lost since November 2002. In Ontario and in Quebec, the ratio is one out of five. The situation is very bad. I believe that Mr. Trahan is right: it is a good idea to have a tax credit for real investments made in the manufacturing sector, and tax cuts benefit industries that are already doing well, but are an inadequate measure for the others.
On May 26th, 2008. See this statement in context.