Governor, thank you for coming today, and of course thank you for your service to Canada.
I just have a few questions for you. I did read over your monetary report that you had given me. To be frank with you, I didn't understand everything completely, but that's part of the learning process that I'm here for.
One area that I found of interest was household credit. You say in your report that you don't really have a great model to capture household credit, but you're using other people's information. When I look at the chart, household credit is going up significantly, but you say that despite higher indebtedness, households remain financially sound. Can you tell me, from an individual Canadian's point of view, what the effect of larger debt is in terms of your overall view of how the economy is working?