It will drive two important streams of investment out of Canada.
First of all, 370,000 people in Canada rely on it. Are you going to invest in Canada versus a market that is responsive, supportive and encouraging investment south of the border? Absolutely you're going to move south of the border. That's why many of these large plans have stopped.
The second thing is that, as the pandemic proved, Canada is completely dependent upon medical devices from foreign entities. I have the percentages here. I won't go into them. We don't have a domestic industry for our own supply of these absolutely critical items. Who is going to set up shop here to do that?
We build the tooling to do it. We sell the tooling to foreign nations. Those foreign nations export those goods to Canada. Why aren't we building domestic supply chains for these crucial items? I don't get it.
It's just going to drive investment out, it's going to make us more dependent on foreign entities, and we're still going to require these items every day. That's not solving the problem. We need to be responsible.