Yes, I absolutely think that it's an issue.
Actually, at the Broadbent summit tomorrow, I'm moderating a panel on productivity and different views around how we can improve productivity.
Absolutely, there's been a lack of investment by Canadian businesses in both equipment and training. The evidence shows, though, that tax rates are not a determinant of that. Canada's corporate tax rate is already lower than the rate in the United States. Certainly regulatory certainty is important, but we think that other issues, like investment and training, having well-funded appropriate public services, having public housing so there's truly affordable public housing for people to live in.... Simply subsidizing corporations to build more housing is not going to get us there. Investment in public services and investment in that public infrastructure—having transit that works really well for people, having communities that are vibrant, livable and affordable for people—are really important.
Open banking, I think, is part of the issue, but I also think of public banking. Alberta has a public depository bank, the ATB. It's been shown that credit unions and public banks like that are more likely to invest in local communities. That encourages innovation, creativity and productivity growth at the local level. Those types of things spark competition and innovation.