Now we'll commence.
We want to thank our special witness today. We have the Governor of the Bank of Canada, Mark Carney. We want to thank you for coming and attending our committee meetings. This is the second time. We're here to talk about your monetary policy report of April 2008. We want to thank you very much for taking the time to be here. This is very timely. I know there's a considerable amount of interest in the report, and we're looking forward to the opportunity we have with you for the next couple of hours.
So with that, I'll yield the floor to you and allow you to start with opening comments, and then we'll proceed to questions and answers. The floor is yours, sir.