Stepping back one step from that, I would say that Ontario is experiencing moderate growth prospects, just like most of the advanced economies in the world, but it's actually doing quite well compared to most of the provinces. A lot of that is due to robust exports because of strong U.S. sales of automotive parts and consumer goods.
Now, a little more weakness or softness than that is expected over the rest of this year, but the prospects in terms of economic outlook for southern Ontario are quite positive. Private sector forecasts are forecasting a growth of 2.7% this year and 2.5% next year, which is well above the national average.
To your more specific question, at FedDev Ontario, we have seen several instances of the opposite. We have been dealing with applicants deciding between Canada and the U.S., or between Canada and other jurisdictions, and who have decided to stay in Canada. Obviously, the cost of electricity is a cost of doing business, and when it is rising, that is difficult for businesses. Having said that, I feel that what we are seeing in Ontario is quite positive, relatively speaking.