It could be companies in the service sector.
In any sector of the economy, the problem right now is obviously the American policy, to the extent that we can call it that. As a result of the U.S. President's actions, our manufacturing exports to the United States are facing increasing tariffs. It's not the end of the world yet, but it could be in a few years. In any case, we'll see. Of course, if a company that exports to the United States is charged a tariff of 5%, 10%, 20% or 25% more than before, it is obvious that it will eventually consider whether its next investment will be in the United States rather than in Canada. That's a very dangerous consequence for the Canadian economy right now. Whether in business or in politics, everyone is fully aware of this, including you.
You also have to understand that, for the long term, what you said earlier is absolutely right. It's not just the manufacturing sector; it's also the service sector. One third of all jobs in Canada were in manufacturing 50 or 60 years ago. Now it's only 10%.
It's important to keep an eye on that in the service sector, as well.
