There are two things.
Number one is that the government's thinking is rooted in the 1970s. There's no capacity for the contemporary realities. It doesn't understand how to govern this and that it works very differently. The research funding, the FDI programs and all of these things are not attuned to contemporary realities.
Since you talked about the hub here, we have to accept that over the past 10 years, for start-ups out of places like Waterloo with Canadian founders, it used to be that about 70% of them stayed in Canada. Now just over 30% of them stay in Canada. If any of you in business were losing 70% of your new customers every year, that would be a crisis. We have to start to relate to these people and talk to them and find out what's going on, why they're leaving and what the problems are.
Again, we can't do performative stuff, because the people just leave. I spend a big part of my time in philanthropy trying to encourage people to stay in Canada and build in Canada, and it's far too hard to make that case when, quite frankly, they're getting wind blown in their faces.
