Thank you very much.
Firstly, very briefly on this figure of $105 billion in the current American Jobs Act bill, I'd just like to emphasize that it's very difficult to assess the impact with any degree of precision, but we have been looking at the various funding envelopes under the bill, and there are essentially four that are of concern to us.
The Buy American provision relates only to public infrastructure spending. It does not relate to all elements of the bill. The bill contains tax relief. The bill contains transfers to states. So those parts of the bill are not implicated by the Buy American provision.
In terms of the public infrastructure spending, there are four programs. In particular, there's $50 billion for transportation infrastructure. There's $30 billion to modernize and renovate public schools and colleges. There's $15 billion for a neighbourhood stabilization program, including redeveloping abandoned and foreclosed homes. There's another $10 billion for a new national infrastructure program.
But it's important to emphasize that this figure represents the total of the U.S. stimulus and not the value of lost opportunities for Canadian exporters. I could elaborate on some of the factors that would go into that if you would like.