We are very competitive on a North American basis. That's because our labour costs and input costs are similar. That changed with the increased valuation of the Canadian dollar. We still are competitive, but certainly not as we were when the dollar was 65 cents. It's no different from the fishing industry. Their profits and bottom line were affected by the valuation changes.
The buy American clause hurts us in doing work in the United States. The reason we're supportive of a buy Canadian agreement for infrastructure and certain industries is we see that other countries have trade and labour costs that are significantly lower. We cannot compete on lower labour costs, because a good portion of our inputs are labour. If it costs the same amount to ship something somewhere, and the only variable input is labour, and labour costs in several eurozone countries are a lot lower than Canada's, then I suspect there will be a loss of opportunities and jobs in this country.
We're not against free trade, but we're more committed to the idea of fair trade. As long as labour costs and valuations on currency rates are appropriate, then we are open to fair competition.