That's a twofold question. The first impact is what we're feeling immediately. Any product that we have on our shop floor that we would have already received contracts for is not quoted nor does it have any provisions for this 10%. We're hoping that it will be 10%. It could be 15%. Because of the ambiguity, it might be 50%. There's no industry in Canada that could sustain that type of hit to the bottom line.
Most manufacturers operate at single-digit net profits, so anything greater than 5% is going to make them unprofitable. If they're in a position to look at sourcing in the United States, they'll explore that. The small to medium-sized businesses will not. They will just close. At the end of this, you will likely see that the industry will shrink or leave Canada quite quickly, because there's really no incentive at that point to stay in Canada.
