Well, we certainly have seen weakness in the manufacturing sector, but when we think about the weakness we're seeing, a lot of it is a reflection of the external environment that is happening in terms of demand for Canadian exports. We have a very weak U.S. economy, which in my opinion is experiencing a lost decade. Regrettably, it's the destination for 73% of our exports, and an awful lot of those exports are manufactured goods. So it's a reflection of the weakness in the external environment.
In terms of fiscal policy, I think the best thing the government could do was to provide the right incentives for business to invest, and I think in fact that has happened. The problem is that business confidence has impaired the reaction of businesses to those incentives. Again, as I said earlier, I think the concern here around confidence relates to the external environment.
When we look at the last three quarters, we've actually seen very strong business investment, even at a time of very volatile financial markets. You can just imagine how much stronger it would have been if confidence had been higher.