Thank you, Mr. Chair.
My first question is for Mr. Powell. At the bottom of the first page of his document, in the next-to-last paragraph, he says this:
Too often, tax policy and regulation freeze industry in patterns reflecting yesterday's economy, inhibiting investment and innovation that greater competition would unleash. Whether through complacency or short-term vision, government policy still inhibits capital investment and Canadian companies too often seem slower to invest in their foreign competitors.
Could Mr. Powell give us examples of what he is referring to here?