Well, Canada in 2050—and again, this is just one forecast by PwC—is going to be ranking about 23rd or 24th, for a number of reasons: population size, scale, and demographics—the age of our population and the fact that growth in the Canadian population is essentially through immigration. That's our primary growth source. We've already achieved very high education levels. We could do better on productivity.
Other countries, if you move subsistence farmers and you give them a primary education so they can operate sewing machines, drive trucks or operate lathes, they are going to catch up, in terms of their ability to generate value, much faster than we are trying to grow incrementally from.... Tertiary education is where we are now.
It's not so much that Canada is going to fall behind. The Canadian economy is expected to top $3 trillion by 2050, up from about $1.9 trillion today. It's just that other countries are moving faster.