Mr. Speaker, we remain committed to responsible resource development. Cliffs has made a private business decision, and our thoughts are with those who are affected by this closure. Our government remains committed to building on our successful job creation record and building the conditions for companies to succeed in Canada.
According to KPMG, Canada boasts the lowest overall tax rate on business in the G7. This has given us a distinct competitive advantage in the extractive sectors, and we will continue to build on this action.