Thank you, Mr. Chair.
Thank you to all the witnesses for appearing before the finance committee this afternoon.
My first question is to Mr. Balsillie.
My own riding of Vimy, which is the centre of the city of Laval in Quebec, Laval being the third-largest city in Quebec, is home to a vibrant and one of the largest clusters of biotech communities in Canada. This is why I was so excited to see the budget's proposed investments in the biomanufacturing and health-tech sectors through the strategic innovation fund. I know you touched upon it a little bit, but I'm just wondering how impactful, in your opinion, is the proposed $1 billion in funding for the life sciences and biomanufacturing sector. I know we can always do better, but how do you believe this funding can be used to grow our domestic manufacturing capacity in this sector?