Yes, I can comment on that.
The economic assessment that we can make of the various income tax reduction programs for businesses show that tax cuts for the 1990s and 2000s, particularly for 2010, have not had an impact on the change in investment patterns, either in terms of volume or direction of the investment.
However, the major change we've seen is with the increase in liquid assets held by companies. The last time I checked, which was for the last quarter in 2013, Statistics Canada assessed that companies are sitting on liquid assets valued at $604 billion. These amounts have not been invested and are not earmarked for investment projects. The value of these liquid assets increases as the taxation rate decreases.
So, in response to your stakeholders who appeared yesterday and if you accept their requests, you will nourish this increase in saving, which I call the “over-saving” of large corporations. Just for information, The Economist, which doesn't have a reputation for being a particularly leftist organization, published an article on Japan and South Korea. The article states that this “over-saving” by large corporations is a problem, especially in South Korea, where saving represents 34% of the GDP, which hinders economic growth. In Canada, it constitutes 32% of the GDP.