Your first comment is on interest. You have to understand that we've had a deflationary movement of 50% to 60%, or 40% at least, in the value of imports. Where is that appearing? Mr. Dodge is very proud to say that inflation, other than in energy and cars, is running at 2% to 3%. You have a deflation of 40% in the value of the dollar. The profit of that is not coming to the Canadian manufacturer. It's the retailers and the importers, and by the way, neither one is passing on that savings to the consumer, because if they were passing on the savings to the consumer, you would see a drop in prices by 10%, 15%, 20%. They are utilizing that to increase their profitability on the backs of Canadian manufacturers.
On the second issue of outward processing, it is critical for Canadian apparel manufacturers to have a textile industry to supply the Canadian inputs. It's the principle of NAFTA. If you are going to use third-country inputs that are non-Canadian, you are not going to be able to ship your product to the United States. If we do not get outward processing, the textile industry will die. The knitters will die, the weavers will die, the dyers will die, and then there will be no sources for Canadian apparel manufacturers to source from. In particular, if they have to source from a U.S. source, which is a monster in size, they will, to put it bluntly, get no respect, no delivery, and no orders.
In order for the Canadian apparel industry to survive, the Canadian textile industry has to survive. In order for the Canadian textile industry...it has to have market access. It has no market access currently in the United States, to what it was; therefore it has to expand its horizons.
Apparel manufacturers here will be able to sew and cut in these other countries, bring it back, and average it with what they're making here. We are not competing with the Canadian apparel industry; we are competing with the $6 billion of imports that are coming into this country. This is all positive for the Canadian apparel industry. I'm an apparel manufacturer. I need that as well in order to survive.