Thank you, Chair.
I, too, want to wish you and your family all the best as you move on to your next adventure. You seem to like to slay dragons, so I think you're going to have some interesting dragons in Europe while you're over there. But we wish you all the best and all the success, because if you have success over there, then we have success back here in Canada, and that's very important. So I want to wish you all the best, for sure.
This past year, in a recent speech, Deputy Governor Macklem, you made some interesting comments about Canada's exports and trading interests. You talked about our overreliance on the U.S. and the problems that has created in the past. You also talked about the underperformance, and who we trade with, and basically about how we should be engaging with the emerging markets, and about how Canadian companies are maybe a little too slow to get involved in these emerging markets.
With that reality in mind, just how critical is it for Canada to pursue more trade diversification through free trade agreements with India or CETA, and to participate in forums like the Trans-Pacific Partnership? I feel trade is very critical, and I am just looking for your opinion on how important trade is.