Canada invests fewer dollars in research and development than other OECD and G7 countries. We've always invested less, and now we're losing even more in that respect.
However, I want to emphasize the fact that the pharmaceutical industry has been investing more and more in research and development in Canada for a number of years now. We can show you the data. Right now, they are investing $3.2 billion in research and development and forming partnerships within our ecosystem. Quebec, for example, has a thriving life sciences ecosystem. There's recognition of that, and industry is investing in it. In addition, 30% of our members' businesses are in Quebec.
Having said that, I think that the federal government and all provincial governments have an important role to play by having conversations with the industry and by putting incentives on the table to attract more investment to Quebec and Canada. Otherwise, we will continue to lag behind the rest of the world.
