Thank you, Mr. Chair.
My questions will be directed to Mr. Balsillie.
Jim, thank you for sticking around to answer questions, because I'm sure we're going to have many.
Before I ask those questions, I want to commend to my colleagues on this committee a submission that Mr. Balsillie made to the industry committee, which is arguably one of the most thought-provoking analyses of our industrial policy in Canada today, showing how it fails to meet the challenges of a completely and dramatically changed environment.
Jim, you have, of course, highlighted the fact that the world has moved from a tangibles economy to an intangibles economy—especially Canada should know that—and that countries such as the United States or the European Union have recognized that. They have adapted a host of policies to reflect it.
You've had a chance to look at this budget now. Does it adequately respond to that completely different playing field?