I agree. As I mentioned, it's not only the dollar but other challenges that will make the life of SMEs in Canada very difficult over the next two to three years. We've already lost ground. During this recovery, most of the job gains were actually in large corporations, not small businesses. I think the dollar is part of it, and the reduced propensity to export among SMEs is definitely negative. If we believe that the future is global, SMEs must be outside of Canada and increase their export orientations. Cutting taxes might help doing so, given the very strong dollar.
On October 4th, 2010. See this statement in context.