Very much so. We have to be aware of the competitive environment we're in. For years Canada had lower corporate income taxes than the U.S. We're now at a disadvantage in that.
Employers are motivated to look at their total costs. They're going to look at their tax bill, their hydro bill, their labour bill. More and more we're seeing that this disfavours Canada. I think the Bank of Canada has already talked about the fact that they're aware of firms.... You could point to firms in the oil patch openly saying they're transferring their operations to the U.S., simply because it's easier and less costly to operate there. We have to be aware that if we're going to increase the regulations and costs on firms in Canada, there's a competitor south of our border with open arms these days.