Good morning, Mr. Duguay.
Unfortunately, it seems that the economic situation continues to deteriorate. When the Governor of the Bank of Canada appeared recently before this committee, I told him that he was optimistic. He answered that he was not optimistic, but realistic.
To be fair to the governor, his fairly optimistic forecast, he made very clear, was predicated on the situation in the United States improving and on everything working. It seems that there is little confidence in the United States, at this moment, that the crisis of the banking system will be fixed expeditiously.
You probably don't want to come out with a number, but compared with the earlier view that we would snap back and have 3.8% growth in 2010, how would you characterize your current position? How has it evolved since that time?