As I said before, I'm not going to comment on policies in Canada, and I'm certainly not going to comment on policies in the United States.
However, I can tell you that the international environment is becoming increasingly difficult. The war in the Middle East and Russia's invasion of Ukraine are ongoing. We are seeing more and more economic fragmentation between countries, more tariffs, more restrictions on trade, all creating strong headwinds in the world. We'll see who wins the election in the United States. That may determine how those very real headwinds are managed. For businesses, the commercial trade environment has indeed become more complicated.
Issues of economic or national security are increasingly influencing decisions pertaining to tariffs and trade rules. This is a challenge for Canada. However, one of Canada's advantages is that it enjoys an excellent trading relationship with the United States. Everyone knows that the United States is the top destination for our exports, but perhaps not everyone is aware that Canada is the number one market for U.S. exports. It's a bilateral relationship, which is good for both countries.