I'll start on an optimistic note. I do believe that there's an opportunity to get an agreement with the Americans as we head towards the July 1 CUSMA review date. It will likely take longer than that, but the reason for my optimism is simple. Canada is the largest export market for U.S. autos, by far. There is something to be negotiated here, but we actually have to get to the table.
If we don't get any sort of agreement, manufacturers.... So far, we're estimating that Canadian-built vehicles have been tariffed to the tune of $5 billion. That is not sustainable. Companies cannot continue to pay that. If we find ourselves through the summer and into the fall with no resolution whatsoever, current production levels in Canada will be very difficult to maintain.