First, let's put these things into a little bit of context. There are a lot of dangers out there, and of course, probably the poster child for real problems that will take a long time to solve is Europe; you're absolutely right. Remember, even if China is slower, it's still growing at about 7.5%. I think the United States will solve the fiscal cliff, and it is still growing. Canada is still growing. There is still growth out there. If you look at the emerging markets outside of China, there is growth.
Now, this is not to sort of turn a blind eye to issues, but I think it's important to put it into perspective. It's low growth. It's not the robust growth we might have seen 10 or 20 years ago, but it is growing. So I think this does give a trading nation like Canada some manoeuvrability.
My own recommendation is this. What makes for a strong country? You want to be attractive to investment, you want to be attractive to start-up jobs, and you want to have the most conducive trade environment. We already have a very strong banking system, well regulated. There's much glory to be shared around all parties for the regulation of the banks over the years, but the system is well regulated. I think it's a bedrock of the economy. We're in good shape there. I think we have good fiscal room.
I would say the government should just continue to focus on what makes Canada competitive, and that will help. But always be vigilant.