You're absolutely right. The cost pressures on small and medium-sized firms are going through the roof right now. Some of them are natural, in that they're competing for labour and having to raise wages for that reason; others are government-imposed.
I don't think right now that anyone fully appreciates how significant the CPP impact is going to be on small and medium-sized firms. The government estimates of the job losses—and there are estimates that there will be job losses as a result of CPP expansion—we believe are vastly underestimated.
We worked with the University of Toronto on an estimate, and it was several times higher than the government's estimates. I think there are going to be a lot of businesses that over the next few years are going to be doing a lot of cost-trimming, and that's going to be felt by workers in the months and years ahead.