I'll ask all of our friends in the media to let us start the meeting, please.
Thank you very much.
Good morning, everyone. This is the 104th meeting of the Standing Committee on Finance. Our orders of the day are, pursuant to Standing Order 108(2), our study at this committee of the report of the Bank of Canada on monetary policy.
We're very pleased to have this morning two witnesses. First we have the Governor of the Bank of Canada, Mr. Mark Carney.
Mr. Carney, welcome back to the finance committee.
We also have the senior deputy governor, Mr. Tiff Macklem.
Mr. Macklem, welcome back to the committee as well.
You have both been here many times before. We look forward to your opening statements, and then we'll have questions from members.
Mr. Carney, I would ask you to begin at this time, please.