That's a great question. It goes right to the heart of the situation we're facing right now.
As I said, for companies that are primary producers, that are large—the West Frasers, the Canfors, the Domtars—nobody is enjoying this. Nobody can afford to pay this, but they sell on the market. As I said to you, we had a truck with just one order that went this week. We have to charge that $61,000 to our customer. There is no “We're going to ingest it, and we're going to pay it.” That is going to last only so long.
Two things may happen, Mr. Simard. These tariffs in some cases are going to price Canadian products out of the U.S. market. Customers will start substituting cheaper alternatives. That's a real risk, especially for value-added and produced finished products. They'll price themselves out of the market.
To get to the heart of your question, a year for our 60 companies, I honestly think.... This isn't companies going bankrupt. This is probably people my age, who have had a good run and been in business for 30 years, saying, “You know what? This formula doesn't work anymore.” If established companies that have well-financed balance sheets, supply and customers say that they can't make it, by the end of the first quarter they will start closing. On the timeline, without some kind of support in the form of buying the deposits back, at the end of the first quarter, I would bet you that 20 of our 60 companies will close.