Yes, up to a point. More and more francophones have become bilingual over the past 20 or 30 years.
In today's world, English is an international language, a bridge language. If you go to Europe, you'll see that people complain about the value placed on English and the dangers it poses. So we're not the only ones in this situation in Quebec, but we can deal with it. It's okay to use English to a certain extent, to communicate with people abroad, but there's still room for French. It remains a key international language. It's spoken in Africa, Asia and the Americas.
As an economist, I think that French must be able to compete with English. We know that English is so predominant around the world that French could never replace it, but other languages, including French, must be able to compete with English, and certain activities, such as scientific research and business, must be conducted in French.