I expect that my colleagues on the other side of the table will object loudly, pointing to the tax increase. We must remember though that, if we had pursued that line of thinking, the Canada Pension Plan would never have been created in the 1960s. The same can be said about the 1990s, when former Prime Minister Paul Martin, one of your predecessors, decided to strengthen the Canada Pension Plan.
I was relieved and even pleasantly surprised to see that the very short-term impact on jobs and growth was negligible and that the medium and long-term impact would be positive and beneficial.
Can you comment on those impacts? As you did during your presentation, can you tell us about the medium and long-term economic impact of these new measures on jobs and growth?