Thank you, Mr. Chair.
Thank you, Mr. Giroux, for being here.
I was very interested in the report that you recently released. You say that U.S. tax cuts will not have a material impact on Canada's investment climate. I wonder if you could expand on that point.
Tell us how you arrived at that conclusion, specifically, because it differs from accounts that we have heard at this committee in our pre-budget consultations, both here in Ottawa.... I certainly did the eastern Canada trip and I know my colleagues did western Canada. I can't speak for western Canada, but I know this was a common theme, the concern about the U.S. tax cuts that Mr. Trump introduced a number of months ago, and what that means for investment in Canada.