Thank you, Mr. Chair.
I want to thank the witnesses for being here.
My first question is for Mr. Lefebvre. It concerns a matter that you discussed a bit with Ms. Brosseau.
I'm trying to understand how you measured the impact of this agreement. I'm not accusing anyone here. In Canada, we're always talking about our competitive advantage in relation to the U.S. exchange rate, for example. The euro is worth CAD1.40. I'm trying to understand. Have you taken into account the exchange rate in your calculations? I'm asking this question sincerely. I want to understand how the analysis for your sector was conducted.