Thank you very much.
From the Canadian Auto Workers Union, we have Mr. Jim Stanford, economist. Thank you for being with us.
From McGill University we have David Dodge, chair in monetary policy, C.D. Howe Institute, and associate professor of economics Mr. Christopher Ragan. And from TD Bank Financial Group, we have Mr. Craig Alexander, the senior vice-president and chief economist.
I'm going to start with Mr. Seccareccia and your presentation. You can take between five and seven minutes for your opening presentation. That will leave us a lot of time for members' questions.