Thank you, Mr. Chair.
Mr. Carney, thank you for your very thorough analysis and report today. You've taken us through some of the things that the central bank has been doing over the last year or two to prepare the Canadian economy for the situation that it now is encountering. I wonder if you could tell us about what other tools you have in your tool box, as Governor of the Bank of Canada, to move the economy forward.
Perhaps you could also comment on the effectiveness of monetary policy in the range of interest rates that we currently find ourselves in.
Third, on a bit of a different topic, could you perhaps comment on which industries you would expect to see recover, or which sectors you would expect to see recover first, in the Canadian economy?