Thank you, Mr. Chair.
I want to welcome the new governor to the finance committee.
Congratulations on your appointment, Mr. Poloz.
I do want to pursue some of the remarks you made in your statement, particularly where you say that the global economy continues to struggle and that there won't be recovery in the usual sense, but that it's more like a post-war reconstruction.
I want to ask you to expand on that. What in your mind are the short- and long-term challenges facing the Canadian economy right now?