Thank you, Mr. Chair.
Welcome, and good morning to all of the witnesses.
It's certainly a very important topic, one that has been signalled by many international organizations as the pressing issue of our time—the concern about growing inequality. I even had the opportunity recently to hear the outgoing CEO of TD Bank, Ed Clark, raise this issue of income inequality and express concern about growing income inequalities. It is an issue that has caught so many people's attention, and it was mentioned even during a period of economic growth during the 1990s. Sadly, we saw greater inequality in Canada, that we had fallen down the ranking of the OECD on our income inequality.
Let me ask the first question to you, Ms. Carney. It seems that the 1990s was a period of tremendous growth in our economy, and in many economies around the world, yet Canada did fall further behind, and is falling in the OECD ranking of income inequality. Can you comment on some of the factors that might be involved in that fall, even at a time when the economy was growing?