This is certainly a moment when we have to think about our role in the global economy after the pandemic. There's no doubt that some industries are going to change forever because of this pandemic. New industries are going to grow and some industries are going to face challenges for years, obviously. As we heard, the aerospace and air transportation sectors are going to take years to recover. I'm an advocate of a very forceful, engaged sector development strategy from both the federal and provincial governments engaging other stakeholders, private businesses, educational institutions, unions, and so on, and there are lots of opportunities for Canada to leverage its technological know-how, skilled workers and strong social inclusion in Canada into successful industries of the future.
Examples of that obviously would be around renewable energy and all the inputs and downstream benefits that come from that. Health technology is obviously going to be a huge one. We know we can't do vaccines all by ourselves—no country can do that—but we can certainly have a much better foothold in the global supply chain of modern medicine and modern medical equipment than we have now. That requires planning, public investment, co-investment and active policy rather than just sitting back and thinking that the markets will take care of it.
I think there is an opportunity after the pandemic to think more about public sector leadership in all areas of the economy, including industrial and sector development.