The first point is that trade contractors aren't involved in that first level of looking at where and what projects take place. The lag you speak of happens not only with the CIB, but with a lot of infrastructure spending. If you look at the Canada infrastructure plan, $15 billion is still sitting there. As that program is winding down, it still hasn't been deployed. It's the deployment that makes a difference to the folks whom I work with and for. It's having that project active and started and people on a job site.
I understand that a lot of projects take a longer planning process, but when these programs are announced, there is a delay in turning that.... The term shovel-ready, as I mentioned before, doesn't mean anything to the industry. One thing that does mean something is shovel in the ground. That's the distinction. This is not from a policy perspective and whether it's difficult to work with the bank. I wouldn't know. All I know is that it's very hard to get data to see where things lie and which direction they're going in.
Between an announcement and a project is where I'm getting questions. I have contractors in western Canada who should have had certain projects; they've even gone through the process. Somewhere something is holding them up because they are not started, and until they start at my end of the food chain, they don't count.