Absolutely.
So much attention has been focused on NAFTA, but the PwC study shows that in the event we didn't get an agreement and there was no longer free trade between the U.S. and Canada, the effect would have actually been 10 times smaller than the effect of not responding to U.S. tax reforms.
We think U.S. tax reform is actually the biggest competitiveness threat to Canada. That's why we've been making the point that, yes, NAFTA is important, but when you talk to businesses, tax is really important.