I call this meeting to order, the third meeting of the Standing Committee on Finance.
Our orders of the day, pursuant to the order of reference of Wednesday, June 15, 2011, are for a study of Bill C-3, an act to implement certain provisions of the 2011 budget as updated on June 6, 2011.
I want to thank our witnesses very much for coming in on very short notice. I do apologize for that, but as you know, we have a very shortened parliamentary session here in order to pass this piece of legislation, hopefully.
We have three organizations and one person as an individual. I'll introduce them in the order of speaking.
From the C.D. Howe Institute, we have Mr. Finn Poschmann, vice-president for research. As an individual, we have Ms. Jane Londerville, interim chair and associate professor with the college of management and economics at the University of Guelph. From the Canada Mortgage and Housing Corporation, we have president Karen Kinsley and vice-president Pierre Serré, insurance product and business development. And from Genome Canada, we have Ms. Cindy Bell, the executive vice-president of corporate development.
Again, thank you all for being here.
We'll start in the order I mentioned. We'll start with Mr. Poschmann and we'll work our way down.
Mr. Poschmann, you have between five and ten minutes for an opening statement, please.