First of all, the relationship I make with investment and capacity is not necessarily the value of the dollar; it's cash flow. If you have more cash flow, usually you drive more investment.
Yes, it's true that a lot of equipment is imported, but at the same time, if you have cash flow issues you're not going to be able to buy much. There is an effect, but it's not entirely the only effect.
On productivity, you are right. For one hour worked in Canada right now we produce $44 worth of goods. If you compare that to companies in Germany, France, and the U.S.A., they are all at about $58 per hour. Yes, it's about quality of life, but really what it's about is, if this is worth $44 and I take an hour to produce it, and if I compete against Germans in Germany, they can make 1.5 in the same hour, so multiply that by millions. It means I am not competitive.
It's one thing to sign free trade agreements with all these countries, but it's like going to war with a small gun. If you're not as competitive as they are, they can produce more in less time. Why? Is it because Germany has a weak dollar? They don't. It's because they've invested heavily in equipment and in automation and they also invest heavily in skills. They don't let people drop out of school and stuff like that. They actually put them in something tangible they can do.