With respect to a Canadian CBAM, I would turn to my colleague from the Ministry of Finance. We are not currently in the process of doing this.
In terms of impacting our competitiveness, I would flag that the EU is the first jurisdiction to put in place such a mechanism. It is still developing its legislation. The impact of various CBAMs actually implemented is unknown at this stage. We are observing the situation in the EU to determine the impact on Canada's competitiveness. However, as I flagged earlier, there is an administrative burden with respect to the implementation of the EU CBAM, which could impact the competitiveness of Canadian-made products.