I think the major cause right now is U.S. tax reform and the serious implication that has for a number of sectors. Secondly, though, I think there's the uncertainty factor, which I discussed a little bit earlier regarding NAFTA. Given that 76% of our exports go to the U.S.—it is our overwhelmingly largest export market—uncertainty around access to that market is definitely trimming investment in Canada.
On May 9th, 2018. See this statement in context.