I can tell you, I mentioned briefly the shipyard we had in Saint John. We had 3,500 people there for 15 years. We closed it five or six years ago. It's gone. The world changes, and things happen. In some sectors, if there's the right mindset in both government and industry, you can reinvest, and you can make more value added. There might be fewer jobs in that particular plant, but the plant will go on making higher-value product and so on.
Are there going to be job losses in Atlantic Canada? There is no question about it. We're close to a 90ยข Canadian dollar, and today oil is almost $60 a barrel. Those pressures are too great for the average exporter and just an average operator. We have to do things differently.
For a lot of things in life, you can take a certain amount of pain for a certain period of time, but you can't take it for too long. People have had enough. The threshold of pain, I think, has been well passed in a lot of sectors, especially if you're competing on the global market. If you're competing with other Canadians in the marketplace, they have cost pressures that are similar to what you have. This may even be the case for all of North America, but they're not the same on a global basis. We will have more job losses, I think, under this current scenario.