I would not comment on Canada's regulatory system as much as I would on the ISO systems and AS9100 systems, which are self-imposed and now industry-imposed upon companies that are participating in the industry. If you're not AS9100-certified, you're not eligible to deal with companies such as Boeing or Airbus, or with NASA, or with any of the military applications. You need to be certified, and those proclamations that you make about what standards you're going to keep need to be adhered to.
Canadian products are highly regarded around the world as having high quality. I think Canadian SMEs don't realize just the high regard that we have.