Thank you, Madam Chair.
Thank you all for being here today. We know that some of you had to travel further than just across the river, but it is always wonderful to hear from people as qualified as you. It's unfortunate that you only had five minutes each.
Mr. Schetagne, you mentioned that the government's corporate tax cut has meant that a lot of money, some $500 billion, has not been reinvested into the economy by private companies. The Governor of the Bank of Canada and the Minister of Finance both acknowledged that.
We also suggest that investments be made in infrastructure or, as you mentioned, in public transit. The AMT representative mentioned that as well. I will let you talk about that. We know that the representatives of the Federation of Canadian Municipalities mentioned an amount of about $123 billion, and that there had been an infrastructure deficit. Why did this amount not work? Why did the Minister of Finance and the Governor of the Bank of Canada say that reducing the tax rate has not worked in this respect?