Tyler.

I have a, a bit of a different take perhaps there than Jenny.

Uh, and, and I say that because not that, um, I think that it is going to be a hard road to follow if we're not able to get a deal with the United States in the next, uh, number of years, but just because I don't personally feel the urgency to do so because I don't see the prospect for anything good that will come of that process.

Um, and, and I think let's, like, let's level set as to where we are, right? Like, uh, the Canadian economy is actually in not bad shape today.

Unemployment compared to when Donald Trump started Uh, in office is, is down.

Uh, employment has actually been growing at a faster rate in Canada than the United States.

Uh, we have, we have seen slower export growth than the United States.

[laughs] Tyler?

But included in that definition of private

capital is philanthropic capital.

And I think what's been interesting is while we've been having a national conversation in the last year about how to get business investment going in Canada, we had not had the same conversation happening about philanthropic.

And so how do we think about impact? How do we think about what the right level of investment of foundations who have significant tax privileges? are in able to release some of that funding to build community capacity.

And what is the definition of capital in the context of kind of the social goods that we want to build? And obviously, you can think of it in a very physical sense, and I'd say that's where the government's thinking is these days.

You think about affordable housing, primary care, those kinds of things that are obviously very capital intensive in the form of technology and buildings.

But so much of the social services that we rely on are obviously human services, right? And so I think that's going to require a somewhat creative thinking on the part of the sector, as well as government about how, if we do want to tap that money that's sitting on the sidelines that wants to help address major social problems today, like for example, chronic homelessness, we're going to need to think about capital in a different way, at least as it relates to that social model.

He sees the federal government's new Build Canada Homes initiative as an opportunity for non-profits to bring forward innovative ideas that could reshape the way affordable housing is funded and delivered, and accelerate the delivery of community housing across Canada.

Is the cost of the bridge staying closed? And, you know, what is worse for the economy in the long run? Is it taking a deal like this or is it the fact that the bridge would just, you know, continue to sit vacant basically?

Oh, yeah, no, absolutely.

And it's important to remember that if you go back and look at the business case for the bridge, obviously a significant part of the traffic that's modeled to go on that bridge is going to come from the ambassador, right? So there's a market share shift, and we know why certain folks have tried very hard on the U.S.

side to stop the bridge from opening.

But it still, nonetheless, is going to be a more efficient route, right? And that is going to support, ultimately, more volume in trade with Canada over the long term.

And so...

the longer that it takes us to open that bridge, we're putting at risk that trade growth at a time in which, frankly, we need to grab onto any trade that we can get, given how hard it is to trade with the United States.

And whether it's trade tariffs or border infrastructure or supply chain friction, what does this tell us, though, this deal, about how much leverage we actually can hold when dealing with Washington on things that are even bigger, more importantly, the Kuzma negotiations?