Thank you, Madam Chair.
Mr. Volpe, you mentioned the increase in local content and that the $16 average or minimum wage will increase investment in Canada. Yesterday we had the association of steel producers and the association of aluminum producers. They, too, used the words, “increased investment”, but when you dig deeper, the aluminum industry has not seen any new smelter investments in the last 15 years. The steel industry, 20 years back, was producing 16 million tonnes. Now they are producing 15 million tonnes.
When they talk about increasing investment they don't usually mean increasing investment to increase the capacity. When you use the words “increasing investment”, are you referring to the increase in capacity?