I'll speak to one aspect of that and I'll leave my colleague to address other aspects.
I'm really glad you've raised this, because I think this is a critical issue for Canada too. One, with 32 million people, we have to give up on the idea that we can be everything to everybody and be competitive in every sector of the economy globally. We have to focus. I know the expression “picking winners” is not a popular one. We don't have to do that. What we have to do is back excellence, which we already have in this country.
When I was in Ottawa, I wasn't the most popular person advocating the following view. As I grow older and my hair gets thinner and greyer, social policy that says we should help those who can't help themselves makes complete sense to me. That's part of Canada, great, and I fully support it. But an economic policy that says we should help companies that can't help themselves strikes me as daft, except for maybe transitionary issues.
If we're going to compete globally, we have to help those companies that are already the strong pillars of our economy, to make them continue to be the best in the world. I heard “the best in the world” mentioned earlier. If we can't be the best in the world, then let's accept that we're not going to win that one and back those things where we can be.
Let me take the energy industry.