Thank you, Mr. Chair, and thank you to all the panellists for coming today and providing your testimony. My first question will be to Manuel.
I found your recommendation to tax the manufacturers of sugary drinks really interesting. You can correct me if I'm wrong, but I believe you recommended the percentage be based on volume and sugar content. You said there would be an estimated $2 billion worth of revenue. You also said that there's a correlation between an increase in taxes and a decrease in the purchase of sugary drinks in other countries that have implemented this tax on sugar.
Are there any studies of the impact on the manufacturing sector, in terms of job losses, because of this new tax? The reason I ask is that when I used to work as a financial analyst for a corporation that provides sugary drinks, I always knew that if you decrease revenues by increasing taxes, there will be an offset somewhere in the chain, whether it's job losses, cutting the input product, or something else.
Is there any indication in the studies to show that if we do this to ensure there's less sugar being consumed by the Canadian public, we may suffer x number of job losses?