Thank you.
Through the chair, first of all I agree with the G-20 report that I quoted—Mr. Brison was speaking about the finance ministers from the G-20—that one feeds the other. High unemployment and stagnant wages truncate people's purchasing decisions, and if business is going to lay out $1 billion.... I was in Washington two weeks ago talking with a Canadian representative about how he's trying to pitch the unused manufacturing capacity in Ontario to people for expansion. If a company's going to put $1 billion into investing in their private infrastructure, they need to know that they've got consumers to buy. Our Canadian Labour Congress is meeting with the Governor of the Bank of Canada next week, and I think he holds a tough job right now. Interest rates are very low. That stimulates some real estate activity, but everybody wonders what would happen in Canada with an inflationary rise in interest rates to that edge of the economy, coupled with truncated or flat wages. I'm talking about the average worker. This seems to me what the G-20 was wrestling with last week saying “we can't shrink ourselves or cut ourselves to greatness”.