Thank you for that update. I appreciate it.
We have half our first panel available to us. Mr. Nagy, from the International Christian University and the Macdonald-Laurier Institute, will appear via video conference from Tokyo. We have yet to connect with him, so we will instead turn to Meredith Lilly, associate professor and Simon Reisman chair in international economic policy at Carleton University.
Ms. Lilly, you have five minutes for opening comments, and then we'll go to questions.