When we model economic growth it's very much a top-down exercise. We take the world as it is and then try to flow it through the various drivers of growth. But if you become more granular and look at the impact on a regional economy, for example, you would see it fairly quickly. You see the uptake in investment. You'd start doing port expansion, for example, in Vancouver, Montreal, and Halifax. Quickly that would translate into stronger growth numbers for the city or province concerned.
On November 5th, 2013. See this statement in context.