That ratio will need to decline further to give Canada the flexibility to meet the demands of our aging population. Third, we must provide the appropriate microeconomic policies with regard to labour markets, intellectual property law, environment, and foreign investment, among others.
Fourth, we must ensure that our social policies strike a balance between facilitating the adjustments that need to be made and supporting those members of our society who are displaced by structural adjustment. Fifth, I believe that it is crucial that Mexico and Canada continue working together, and with our U.S. partners, to make NAFTA even more successful.