Right.
By 2017, Canadian investment in the U.S. was up by two-thirds, and American investment in Canada was down by half.
Ms. Rudd celebrates the fact that we're starting to recover to 2015 levels. However, we're still down in terms of foreign direct investment since this government took office. There's no doubt that the obstacles the government has put in the way of development, and the taxes it has imposed on our entrepreneurs, are largely responsible for that decline.
Mr. Moody, would you agree that there is a causal relationship between the increased tax and regulation and the departure of investment in Canada?