Mr. Speaker, I would like to thank the member for his question.
The matter of monetary policy, of course, as the member knows, is the responsibility of the Bank of Canada. We recognize the challenges faced by manufacturers over the past several years. The Canadian dollar, more than any other currency, has borne the brunt of the depreciation of the American dollar.
That is why in budget 2007 we brought in a dramatic increase in the capital cost allowance for manufacturers, at an estimated cost of $1.3 billion, a direct writeoff over the course of the next two years, so that they can acquire more efficient--