Thank you very much. If you ever need encouragement for your research, if you want to get funding for it, you will find me a willing ear.
Mr. Sinclair, Mr. Leach and Mr. Brunnen, Canada has recently lost 500,000 jobs in the manufacturing sector. We have a balance of payments deficit of almost $50 billion. Our economic strategy at the moment is to produce raw materials as quickly as we can and export them completely unprocessed.
Paradoxically, Canadian businesses have never been so well capitalized. The Governor of the Bank of Canada has said that about $600 billion have not been invested.
What can we do together to stimulate investment into secondary and tertiary processing for our raw materials?