Thanks, Chair.
To Mr. Clarke, Canada is in a break-glass productivity crisis, according to the Bank of Canada. We've seen investments, businesses, jobs and talent leaking at quite an alarming rate to the U.S. In fact, somewhere around half a trillion dollars of investment went from Canada to the U.S., and just recently there was some news that even Brookfield, whose head is carbon tax Carney, has packed up and is looking to move to the U.S. now.
What does this increase in the capital gains tax do for businesses when they're looking to scale up? Does it disincentivize them to want to scale up in Canada versus the U.S.?