Yes. The other side is that there is also 85% of manufacturing that is not the auto sector, and that's the area where en masse I think 15 of the 16 industries we look at are running below pre-crisis levels in terms of capacity utilization. In terms of when such utilization levels show up, I would argue that we've already seen some evidence of that. We saw it through last year, with manufacturing shipments up just over 5.5% after being flat in the previous year.
Then manufacturing relative to size of GDP, to speak to your comment on the restructuring, has continued to move lower, from about 16% of the economy to around 11% from 2002 to today. One thing that took place through that period, besides the global recession that we had, was the trend appreciation of the Canadian dollar. Now, as we move forward, a stronger U.S. is the bigger story. The volume matters more than the price, but the currency is moving in the right direction as well. I think that's why we'll see a bounce in manufacturing as we go forward. It has already begun.