Thank you, Madam Chair.
I want to thank the witnesses for being here for this extremely important meeting.
I will start with Mr. Kennedy.
Mr. Kennedy, on November 1, we had the Canadian Manufacturers and Exporters here, and there was a sense of urgency. As many of our witnesses have stated, Canada seems to be playing catch-up. This IRA—a renewed Build Back Better Act—was horrible. One witness, Flavio Volpe, from the parts sector, actually said the IRA is the correction to that, but we're still running catch-up.
The Canadian Manufacturers and Exporters said something that was extremely concerning to me, coming as I do from Oshawa, where manufacturing has a great history. They're concerned that because of the IRA, we're going to see a flight of capital investment out of Canada into the United States, which could reduce the number of manufacturing jobs in Canada.
Those witnesses on November 1, before the fall economic statement, said that this was urgent. They wanted to see action. Everybody has been very polite, and we're saying it's great that the government recognizes it, but there doesn't appear to be anything in the fall economic statement that is really going to be taking action now.
Can you please elaborate on that? Can you give us some advice for the next budget on what needs to be done promptly so that we don't see this flight of capital investment out of Canada? We have all the tools here, as Ms. Gingrich said, for the value-added part of it, and we don't want to be just sending minerals down there. We want to be building here. Can you please give us some good advice on that?