Thank you, Mr. Chair.
I thank all of you for your testimony.
I have specific questions regarding the economic stimulus fund on reconstruction and building renovation.
The government seems to be telling us that $2 billion will go for renovations in each of the next two years. Currently, if you look at the studies that are out there, only about 14% of infrastructure building is renovation. That suggests there may be a need. In other words, there's a lot of new build and not so much the other.
I wonder if you could tell us from your different expertises, the municipalities first, perhaps, what that looks like. You've put forward what I think is a very helpful list of $14 billion in shovel-ready projects. What proportion of those would fit the government's intent? It has a very narrow intent for that particular fund. I'm wondering how that lines up with your outlook, and then, to both of the associations, how we might look at that affecting capacity.
I accept from Mr. Morrison, certainly, the general assurance, and I'm sure Mr. Atkinson has something similar in the sense of why we're here. We know that 44,000 construction workers lost their jobs in December. We wish that this had happened then. We did something to try to bring this about.
We would really like to focus on some idea about that particular strategy and its implications, because I think the finance committee, as well as the trade and infrastructure committees, will want to have some understanding about implementation. Distinct from other years and other times, perhaps, we're all going to be very interested in how this will actually work on the ground. I'm wondering if you can comment on that focus and how it looks from the standpoint of your different perspectives.