I agree with my colleagues. The loan is not a good option.
What we just talked about is that we are looking to protect our profitability. The less profitability we have, the less money we have to pay for the loans. We also still have to demonstrate to the government that we are a profitable and viable company. By these measures, we will not measure up to that standard, so the loans aren't necessarily going to help and we'll be lucky if we get them.
Again, as I said before, you're trying to build a business, but somebody has to take that product. Competitiveness is only going to get us so far. The 10% to 25% we're going to see doesn't get us there. If you figure it out, in 18 months from now, with the 25% tariff, there is no industry in Canada that will survive a 25% tariff. I don't care how much you invest, how many machines you buy and how many things you do in your plant to try to make your business viable. Nobody survives 25%. There's no plan.
The automotive industry already showed you that even they cannot find a solution for this. How are small and medium-sized businesses going to find it?
It's good. Don't get me wrong. You asked me what I'm telling my employees. We are paying the building.... I just bought a brand-new machine. I just took a loan from the federal government because I'm planning that the sun's going to come up tomorrow. I'm planning for that, but if it doesn't come up and we don't have an agreement, there are likely going to be a lot of companies that are going to have no choice but to move to the United States, and it's not great there either. Mexico is the next alternative.