I can tell you that if the dollar hits par in the next year and stays there, we are going to see far more closures than the 100,000 job losses. Companies are improving productivity in line with the dollar, but, frankly, a dollar over 90¢ is.... As David was saying, you've got companies that can produce anywhere in the world today, and 90¢ is pretty close to taking Canadian operations out of that competitive list altogether. In fact we're seeing the closure of some of the most competitive, most productive, production facilities in Canada, and that production is moving to Mexico simply because the return on investment is better in Mexico than it is here, even with the productivity improvements we've seen.
So a dollar much over 90¢ means considerable problems. It's going to speed up those job losses and we're going to see more product lines closed. That's not to say that manufacturing is going out of business. The changes are going to accelerate, but we're seeing many, many more companies now that may have had plans to increase production in the United States, or to outsource to China, doing so over a five-year period. They are making those investment decisions today, and they're making them on the basis that the dollar is probably going to remain very high. If the dollar looks like it's going to be significantly above 90¢, then that offshore movement of product is going to accelerate, particularly in the automotive sector and those fabricated metal sectors. Unfortunately, once that production leaves, it's not coming back.