Through the chair, I'd say right now it's tentative. I think Canada has recovered but at a slower pace than the U.S. We need an industrial strategy clear enough to decide how we're going to compete with the U.S.
The easy answer to the question is, our productivity is lower than most of our trading partners. Our industrial output has been slower to recover. We are restrained by the capacity and by the relatively higher cost to do business here, but there is an opportunity.
The whole Inflation Reduction Act in the U.S. gives Canada an opportunity to be in the tent, to be part of that green transition that my colleagues are talking about, to compete for those jobs, for those onshoring, or nearshoring or friendshoring. I think it is going to require the governments to act at both provincial and federal levels to say that we're team Canada and we want to attract that investment. But unless we put our money where our mouth is, I don't think we're going to get our fair share of investment.