You have about 30 seconds, if you wish.
Thank you, Mr. Marston.
I'm going to take the next round as chair.
I wanted to follow up, Governor, on a few issues.
First of all, though, I think it's important to say that I thought your statement as governor on the passing of former Bank of Canada governor James Coyne was an outstanding statement. I did want to commend you for that. That was very much appreciated in terms of him as a person, but also in terms of his role in the development of the Bank of Canada.
I did want to follow up on the point about quantitative easing three. I don't know how much you want to say about that, but certainly from our perspective I'd like to hear your thoughts on its impact, positive, negative, or otherwise.
Then, I did want to follow up on the issue of the statement you made with respect to the cash that companies are holding. It was presented as being a sort of critical statement, although in your report itself, on pages 29 and 30, I don't really see it as a criticism, frankly. It's more of an analytical statement at the bottom of page 29 and the beginning of page 30. I did want to get your full response on that, because there has been a lot of dialogue here, certainly dialogue back and forth as to what the government should or should not do with respect to companies and whether they are in fact sitting on too much cash, as it's said colloquially.
If I could get your comment on those two issues, I'd appreciate it.