Yes, I'm happy to.
It is really all three. It depends on the business, where they are in their life cycle and where they're located. If you're in the Lower Mainland and you're looking to expand but you have to get a new facility that is now going to be two bridges away for most of your workforce, you're probably going to lose most of that workforce. The transportation infrastructure, gridlock and availability of industrial land might be what stops you in the Lower Mainland. If you are in southern Ontario and you're looking at what some of the requirements might be if you increase the size of your workforce by a certain amount, or at adopting a new piece of a technology kit, that may drop you....
Obviously, some of the uncertainty is in the tariff environment. We've had manufacturers who are looking to make major equipment purchases, but these have lead times of six to eight months. They're not certain if a piece of equipment that is not being tariffed now could be six to eight months from now.
It is significantly wide-ranging, but, ultimately, it is access to capital and access to investment that can help fix a lot of that and deal with lots of those problems. Being able to attract that kind of investment is the biggest barrier.