Thank you, Chair.
I too want to welcome Mr. Page and his colleagues here this afternoon.
I have a few questions. I want to preface my question. There's no doubt that Canada is an emblem of stability around the world. Our economy has demonstrated great resilience and flexibility. We've been recognized by a number of international economic organizations around the world as having the leading economy among G-8 countries. You yourself just said a little while ago that we are in good shape and we have a good plan.
In your report you strongly suggest--and both the IMF and the Bank of Canada have said the same thing--that the two biggest threats to the Canadian economy are from outside our border, namely Europe and the United States. Could you comment on that? And I'll follow up after.