Thank you, Mr. Chair.
Thank you to Mr. Carney and Mr. Jenkins for joining us here today.
Pursuing on from what you were talking about, Mr. Jenkins, many industries and many facets of the Canadian economy are changing and adapting. I guess we all are concerned when we see job losses in the manufacturing sector and of course, most recently, huge losses in the auto industry. Certainly we're all concerned about that. When I look at your report, you don't paint too rosy a picture, but you paint a realistic picture of what the outlook is in manufacturing and in all of these sectors.
Mr. Carney, in your recent speech entitled “Implications of Globalization for the Economy and Public Policy”, you actually referred to Roman times. I didn't hear the whole speech, so I'd be interested to see the connection, but I think your reference was that things are changing. We certainly look at losses in the auto industry as an impact on Canadians' lives, but overall, in the last two years, we have a net gain of over three-quarters of a million new jobs, and over 80% of those are full-time jobs.
So can you share with us your thoughts on how Canada is adapting and if we are capable of weathering these economic times?