We'll begin the session. Welcome to our guests today and committee members.
The House of Commons Standing Committee on Finance is mandated to consider and make reports on proposals regarding the budgetary policies of the federal government. This year our theme is Canada's place in a competitive world.
We have asked you, in advance, to make your presentations for five minutes, knowing that's a challenge. Nonetheless, we'll hold you to the five minutes. I'll give you an indication visually that you have a minute remaining, if you care to look, and that you have less than that. And I will ask you to draw your presentations to a conclusion at five minutes. That is, of course, in order to allow us to have an exchange with committee members and for you to have the opportunity to add with responses to their questions.
We'll begin today with our guest from the National Council for Graduate Studies, Philippe-Olivier Giroux.
Welcome. Five minutes are yours, sir.