Economic Relationship between Canada and the United States committee  In contrast to some of the past discussions we've had with the U.S. on these issues, they have acknowledged that what they are trying to do could cause disruptions in supply chains, and they've indicated that they want to avoid these kinds of outcomes. We've had direct conversati

Economic Relationship between Canada and the United States committee  I think, in light of the experience we had during that infrastructure package, we should be very clear that our window is quite small. We need to get in very early. We need to lay the groundwork and start having those discussions with the U.S and start ensuring that Canadian inte

Economic Relationship between Canada and the United States committee  I do see them as quite different mainly because, while I think the Biden administration has come out early and said they were supporters of buy American, and making jobs in America and providing significant help to economic recovery, there are really no concrete specifics associa

Economic Relationship between Canada and the United States committee  Yes, I would say, given the scale of this initiative, the U.S. will have difficulty in a number of sectors in fulfilling the requirements within the U.S. It would be impossible. Therefore, I think that not only do we have the advantage of being right next door and sharing a lot o

Economic Relationship between Canada and the United States committee  I'm afraid we simply don't have that yet. As I mentioned, we have too many unknown variables right now. We don't know how extensive the U.S. coverage will be. We've started talking, and have been for a while, to the relevant potentially affected sectors in Canada. We're getting i

Economic Relationship between Canada and the United States committee  That is hard to predict, because although we have the President's plan, this is now going to move through the congressional process. It's going to be changing quite significantly through that process—

Economic Relationship between Canada and the United States committee  It's certainly enough to start looking. We have never seen a U.S. infrastructure package of this magnitude in the past, so that's one consideration that's going to be a complication. We don't know exactly what it is going to be applied to. We have an outline with the plan announ

Economic Relationship between Canada and the United States committee  Yes, absolutely. Moreover, it's not only that we don't know a lot of the quantification of all of that, but also that we fully expect that what was announced yesterday will change because of the legislative process in the U.S. Then, when it comes to the buy American provisions in

Economic Relationship between Canada and the United States committee  I think certainly the whole arrangement that we have with respect to the restrictions that have been placed on movement back and forth across the border between Canada and the U.S. is under continual review. We are certainly aware that we have extended that restriction on a regul

Economic Relationship between Canada and the United States committee  Again, at this point, the U.S. has simply not indicated what exactly they're going to apply in terms of Buy America restrictions when they get to that. We do see the potential for timber of various types to be potentially captured by the new requirements, but at this point we do

Economic Relationship between Canada and the United States committee  We don't at this point. We know, as you say, that traditionally buy America approaches have included iron, steel and manufactured products. We have heard some suggestions that this could be expanded to cover construction materials such as cement, aggregate, asphalt and potentiall

Economic Relationship between Canada and the United States committee  We probably would not at this stage, because although this is a plan that has been announced by President Biden, it has to go through the legislative process in the U.S. We anticipate that many changes will be made, but particularly with respect to the buy America provisions, the

Economic Relationship between Canada and the United States committee  At this point we're not looking at assigning specific values. We are talking to all the industry representatives that are associated both with what has been covered in the past as well as what could be potentially covered in the future. We are seeking information from private sec

Economic Relationship between Canada and the United States committee  Yes, provinces and territories are being closely consulted as this goes along. We have had regular calls with them already. Clearly, they have a very large stake in all of this, so we will be involving them very closely at every stage of this process.

Economic Relationship between Canada and the United States committee  They are now being consulted. We have already talked to them about these issues and have set up a mechanism to continue talking to them throughout this process.