Thank you.
Ms. Muñoz, thanks for being here. I'm a big fan of the Federation of Canadian Municipalities. I did a lot of work in the past with your colleagues, Kate Fleming and Chris Boivin, from the green municipal fund. Carole Saab helped work on the low-carbon cities Canada initiative. I'm a really big fan of your work. Send my regards to the team.
I have a question for you about extreme weather events and the structural budgetary risks for municipalities. Can you speak about the repeated floods and what they mean, financially, for a lot of your members?