Thank you, Mr. Chair.
Governor, I'm sure I can speak on behalf of the whole finance committee in saying that you have our support in becoming the head of the Financial Stability Board.
I have a brief question. During your presentation, you said that household confidence has diminished. You also said that household debt—in other words, debt relative to family income—has increased to 150%.
This is having an impact on people. We see this with the Occupy movements, which you have supported, such as Occupy Montreal and Occupy Canada.
If we also look at the persistence of household borrowing, we see a trend. What risks are Canadian households exposing themselves to, in your opinion? What risks could the Canadian economy face as a result?