Thank you so much.
To both the Mining Association and the Railway Association, in your opening comments, you mentioned the U.S. tax reforms and the challenges those create on the Canadian side of the border.
One of the suggestions brought up, I believe, by the Railway Association was about the accelerated capital cost allowance, writing off capital cost purchases at the full 100% in the first year. I know in the past, prior to 2015, the allowance in the first year was 50%.
I'm curious as to how you would foresee that. I know you mentioned the full 100%. Do you see this as a permanent tax allowance? Do you see this as a short-term project of one or two years? How long do you foresee that happening?
Also, I wouldn't put you on the spot to estimate the cost of this across all sectors, but obviously this would likely be something we would apply to more than just the railway sector. I'm wondering if you foresee a ballpark cost of that within your industry.
For the Mining Association as well, can you foresee the impact this would have on the mining industry?
We will start with the Railway Association.