Your predecessor and you, somewhat less, have talked about dead money in Canada. We've had the manufacturers and the large corporations in Canada come in and tell us why they are not spending—a very low research and development rate and very low reinvestment rate despite having had many years of relatively large corporate tax cuts.
What is the current status of this productivity conundrum and this conundrum of debt and so-called dead money in the economy? Is the bank at all concerned about the lack of reinvestment in the Canadian economy coming from the private sector?