I agree with that. I think the direction Canada is taking deserves to be applauded. It is important for us to be a competitive nation in terms of corporate tax rates to attract investment.
I would add that the smaller and medium-sized oil and gas companies don't pay a lot of corporate tax because they invest all their cashflow back into developing oil and gas reserves. Certainly for the largest companies that dominate our oil and gas industry--80% of Canada's oil and gas production comes from the top 20 to 25 companies--that's hugely important. It is a considerable competitive advantage for Canada to have those kinds of tax rates. For the junior sector it's less so, although important. The juniors would all like to become large companies some day.
I think it deserves our support, and it is certainly something we would like to see continue. It's important that we get down to those targeted tax rates.