Thank you, Mr. Chair.
Welcome, Governor.
EDC's global export forecast for spring of 2013 suggested that exports will be a key driver for Canadian growth over the next two years and that “a softer loonie” will help. According to the Bank of Canada's recent monetary policy report, the loonie is predicted to stay near 98¢ U.S. in the near term. Do you believe the loonie is overvalued today, the Canadian dollar?