Mr. Speaker, the member is absolutely right that in the budget in March we acknowledged the unanimous recommendation of the industry committee of the House of Commons with respect to creating an accelerated capital cost allowance to permit 100% writeoff over two years of new machinery and equipment. We did that in the budget this year and it is important that we continue with that.
We are seeing some acceleration in the acquisition of new machinery and equipment. The stronger Canadian currency vis-à-vis the U.S. currency helps that as well. Now we have gone ahead in the fall economic statement and reduced taxes significantly for all Canadian businesses out to--