Thank you, Mr. Chair.
Thank you, Governor Carney, for appearing here today.
When the finance minister was here I had the opportunity to ask him about his recent meetings with our international partners. I asked him about Canada's position of continuing to run budgetary surpluses and paying down debt. He pointed out, as we know, that we are the only member of the G7 that is currently doing that. I know the position of the Bank of Canada is also very strong; you're reporting total and core inflation at 1.5%.
Can you contrast that to what we're seeing in other economies, like the U.S., and emphasize why that demonstrates the strong position the Bank of Canada is in right now?