The capital-intensive businesses, particularly in the resource sector—pulp and paper, mining, oil and gas—are commodity businesses for the most part. If you take the forest products business, it's highly volatile, cyclical, globally competitive, and the Canadian dollar and the commodity prices are moving around all the time. Mr. Trump put a tax on our lumber going to the U.S. at the present time. There's always some competitive thing taking place out there, so in the commodity business you have to be a low-cost producer. You're obviously after good quality, good service, and so on and so forth, but you have to be a low-cost producer, because at the bottom of the trough you get taken out.
The way to do that is to have it very competitive: Have the best technology, good equipment, good IT, if that's what it is. We think if we can get people spending their money.... Frankly, they say nothing moves quicker than a million dollars. If you have to depreciate it, in Canada it's seven years; if you can put your investment in the U.S. and write it off in one year, you have a better chance of being more competitive over time.
We need to have a stronger industrial base in this country. We're blessed with these resources. Everybody in the world is envious. We should get that, make it easy to invest, because once you have the investment here, the bricks and mortar are here. They're not going to put wheels on them. They're not going to move. Nobody's going to move a pulp mill or an oil rig or a mine, so get it here. Get the jobs. Those are all high-paying jobs. They sustain the economy.
However, there's a general frustration today over the tax burden and the regulatory burden and all these other burdens. It's snow in front of the plow. You can only put so much snow in front of the plow before the plow stops.