One thing that we always say about trade agreements is that it's not just the tariff rates that influence the decisions that companies make. Companies will look at a whole host of factors: the tax policy domestically, the regulatory policy, the access to labour. What's important is that as we are opening up our markets, we have our domestic house in order. Right now, if we're talking about a number of sectors, we could talk about how Canada has a tax competitiveness problem. We have a regulatory approvals problem. That's going to be further exacerbated, certainly, as we have open markets and we need to be able to compete.
On April 27th, 2022. See this statement in context.