We call the 23rd meeting of the Standing Committee on Finance to order.
Per our orders today, we have the Governor of the Bank of Canada with us, Mr. Mark Carney, and the senior deputy governor, Mr. Paul Jenkins. Welcome to both of you, gentlemen. It's an honour to have you here today before the committee.
These are obviously very interesting times. We're certainly interested in hearing your perspective, the updated forecasts, and also about some very serious issues. All members do have a copy, of course, of your Monetary Policy Report, released, I believe, on Thursday.
Mr. Carney, welcome. You may give your opening statement, and then we'll go to questions from all members of the committee.