—and, oh my God, our chair, so there are a lot of Ontario MPs here. Our province is so much a workhorse for the Canadian economy. I am proud of generations of Canadians who, unlike some other major industrialized economies, didn't give up our manufacturing base in the 1980s and 1990s, as happened in some other peer countries. Right now we're at a moment when, as a country, we have to decide: Do we continue to be a strong, powerful, industrialized manufacturing economy in the clean transition? These tax credits are about the government saying, “This is absolutely essential, and we're going to do it.”
Mr. Ste‑Marie, I want to point out that we are working closely with the province of Ontario on its investment tax credits. We also have an amazing collaboration with the province of Quebec. I must say that Mr. Legault personally agrees with the idea that today, in this period of global economic transition, we must have an industrial policy. The government has to be involved in this process because otherwise the capital will not be invested here, in Canada.
Finally, the proof of the pudding is in the results. In 2023, Canada had the most FDI per capita of any G7 country, the highest total quantum of FDI and the third highest in the world. Only the U.S. and Brazil were ahead of us, and they are much more populous countries.