I think there is value to be added in resource sectors. In that regard the services, the green economy, and so on are also important priorities for our economic strategy, but given that we are going to continue to produce resources, my point is that we should add as much value upstream and downstream as possible. Let me give you as an example the machinery and equipment used in the petroleum sector. They use these enormous trucks and all kinds of capital equipment and so on. Very little of it is made in Canada. You have a company like Caterpillar that sells billions of dollars' worth of equipment to these mining projects in northern Alberta, but recently shut its only Canadian manufacturing facility.
We actually are capable of producing that type of equipment in Canada, but it's going to take active policy to connect the dots and make sure we're doing it. If we just leave it to the short-term private decisions of the companies making the investments, they will go foreign, and that's why we have a $7 billion trade deficit in mining and construction equipment.