Mr. Speaker, I welcome the ovation from the other side. I would point out that I will make no such admission because in fact the honourable gentleman is wrong in his allegation.
I have said that on the government's part we need to improve regulatory efficiency and have a stronger economic union. We have to work on infrastructure, education, skills, innovation and commercialization, as well as competitive taxes.
On the private sector side, we do have to pick up the rate of investment in research and development. We have moved from being number six to number one in the G-7 in publicly financed research and development, but we still lag behind on the private sector side.