Thank you, Terry.
Monsieur Nantais and Mr. Volpe, I would like to get back to a point that was raised by my colleague Mr. Nuttall in regard to investments in research and development.
According to the World Intellectual Property Organization, WIPO, Canada does very well in terms of higher education investments in research and development. We do very well in government investments in R and D. Where Canada doesn't do well—it might speak to your sector, and it might not—is in business investments in research and development. We rank 15th in the world among OECD countries. We rank fifth among G7 countries.
I have two questions. Given how important it is to innovate, why do you think Canadian businesses—perhaps some are in your sector and perhaps some are not—are not more innovative? Following up a little on what Mr. Masse or Mr. Nantais raised in terms of SR and ED, what do you think we should be doing to encourage more innovation through research and development in the automotive sector?