Thank you very much for being here with us today.
I have a question on the linkage between manufacturing and the service sector, particularly around design and engineering. With a global supply chain economy, the question for any country is: where are you in that supply chain?
I think it was in the eighties that there was so much concern in the U.S. and Canada about the trade deficit with Japan. Ultimately it was determined that a lot of that trade deficit was on low-margin products. The design for the televisions was still in North America, but the low-end manufacturing had evolved toward Japan.
I'm interested in what the trend line is around the design and engineering part of the manufacturing sector, which is still in the service domain. With the emergence of countries like India particularly, in this range, are we keeping up or is the trend line negative in terms of our capacity to compete and succeed in what has traditionally been considered an area of comparative advantage for Canada or the United States?