Thank you, Mr. Chairman.
Thank you, Mr. Dodge and Mr. Jenkins, for your presentations. Today, I am pleased to replace Mr. Paquette, for whom I have already worked.
I will continue in the same vein as Mr. McKay. When I was working for Mr. Paquette, the Bank of Canada would present its report to the committee by putting great emphasis on productivity. Currently, it is much more about inflation.
Has your strategy changed or, as you said, has the productivity or your projections been perhaps too optimistic? You spoke quite vehemently of these things, but it seems that they are less important now.