I think it's fair to say that nobody can call into question the fact that there has been significant progress made in municipalities over the last few years in tackling the infrastructure challenges that local governments across this country have. Having said that, I think we equally can't underestimate the incredible importance of continuing to invest in infrastructure in our communities going forward.
The reality is that Canadian municipalities are responsible for over 50% of the infrastructure in this country. As you know, based on a tax system that gives municipal government roughly 8ยข out of every tax dollar collected in this country, it is just not sustainable for us to be able to tackle those challenges and at the same time, together with you and with the provincial and territorial governments, ensure that we put our communities and this country on the kind of economic footing that's necessary going forward if we're going to be able to compete in this global marketplace.