Thank you, Madam Chair.
Mr. Balsillie, according to the OECD, the Canadian private sector’s R and D investments accounted for just 0.81% of GDP in 2019, while the average for OECD member countries was 1.76% of GDP. In light of that indicator, Canada ranked 24th among OECD countries.
Can you tell us why the level of R and D investment by Canada's private sector is so low?