I call this meeting to order. I will ask our friends in the media to please step outside. Thank you very much.
This is the 85th meeting of the Standing Committee on Finance. Our orders of the day, pursuant to Standing Order 108(2), are a study on the report of the Bank of Canada on monetary policy.
Colleagues, we're very pleased to have, in our first hour today, the Governor of the Bank of Canada, Mr. Mark Carney. Mr. Carney, welcome back to the finance committee.
We're also joined by the senior deputy governor, Mr. Tiff Macklem, who is also a frequent contributor to this committee as well.
Gentlemen, welcome to you both. Thank you so much for being with us today.
Governor, please start with your opening statement, and then we'll have questions from members.