I want to begin our second panel by welcoming Mr. Mark Carney, Governor of the Bank of Canada. We welcome him very much to our committee. I know he presents to our committee at least twice per year, which we very much enjoy at this committee. It is when we have some of our best discussions.
Also, we welcome back the senior deputy governor, Mr. Tiff Macklem. Thank you so much for being with us here this morning.
We have a very short time, Governor, so we'll get right to your statement. Then we'll go to questions from members.
Thank you very much. We look forward to your comments.