I think the record shows that when one jurisdiction adopts certain policies it does increase the pressures on others. We've seen that with the increase in minimum wages, for example.
I think there are two hopeful reasons when looking at business investment these days. One is the successful resolution of the NAFTA negotiations, which removes a large cloud of uncertainty from the business environment in this country. The other is the change of governments in Ontario and Quebec. I would have had more concern six months ago about adopting these policies, given the governments in power in Ontario and Quebec at the time. We'll see. I think the Ford administration's willingness to roll back some of the labour legislation is positive for business investment in that province.
In Quebec we don't know yet. On paper it's quite encouraging that, instead of the usual coterie of academics and lawyers, half the cabinet in Quebec under the new CAQ government is made up of people who either operated a small business or were senior executives in a business. We probably haven't seen that in decades, such a cabinet that so clearly understands business concerns, but it's early days. We haven't seen that play out so it's too early to say in what direction the CAQ government will go, but I would be encouraged.