I think my colleague Ms. Ross has hit the nail on the head: it's the aggregate effect of increasing taxation. When we look through a forestry lens, we are at $1.5 billion in economic activity. We were once at $4.2 billion, in 2004. We think we can get back up to the $4-billion mark, but I already have companies that are starting to hedge on making investment because of the uncertainty with taxation. Our sector, in particular, is faced not only with those taxes, but with pending trade issues on softwood lumber, supercalendered paper, and dissolving pulp with China. You add that potential burden on top, and investment is just going to look elsewhere. That situation is untenable for our industry. To add anything more to the burden and the uncertainty would certainly not be conducive to investment.
On October 17th, 2016. See this statement in context.