Mr. Svendsen's earlier reference to the steel industry and the concentration of power is a great example, but we no longer have any Canadian steel industry ownership; the industry is owned now by the Brazilians and East Indians and South Africans, by other countries. When you have the ownership, you transfer the technology, you transfer the ideation, and you transfer all of the previous innovation. In the setting of the last five years, where we've had the effects of the rising Canadian dollar so that we can't trade, these multinational managers have the responsibility to continue that innovation. They relocate the idea, so they can continue to produce and ship.
On November 24th, 2006. See this statement in context.