Thank you, Mr. Chair, and welcome again to our guests.
It's my understanding that since 2006, the reductions in corporate tax rates in Canada have removed about $45 billion from the Canadian government's fiscal capacity to address the needs of Canadians. We see this government relying on finding savings in government operations and in growth to address the deficit we're now facing.
Could you share with the committee the latest projections of the Bank of Canada in regard to growth and comment on the implications of those projections for inflation and interest rates in our country?