Mr. Asselin, Phil Cross appeared before our committee recently and reiterated his concerns about Canada's productivity. He noted productivity as low as it was in the 1930s—the Great Depression, literally.
Professor Ian Lee, and the former governor of the Bank of Canada, David Dodge, also warned about Canada's declining productivity.
How concerned are you guys about the impact of these high interest rates, low productivity and the lack of investment coming into Canada? Is there a link between those?