I agree with that, and would add that I think your perception is based on what happened before 2008. There was a reluctance to invest because a lot of industries were basically going out of business, in clothing, paper, and so on. Then, of course, there was the big recession in 2008-09. Nobody was going to invest in Canadian manufacturing in the middle of that chaos. But since 2009, investment has increased every year in manufacturing. It's almost back to its pre-recession level. It's related to the restructuring that's been going on in the industry and the fact that the growth has been in resources and in the capital goods industries.
But I entirely agree that there's been a lack of appreciation of how much restructuring manufacturing has gone through, and the fact that productivity is doing well compared to American manufacturing. We need to update our narrative on this.