I want to welcome both the Governor and senior deputy governor here this afternoon before the finance committee.
First I want to commend the senior deputy governor on a wonderful speech he gave recently at the Economic Club of Canada. I've read it a number of times and I find it extremely interesting and enlightening.
I want to pursue a couple of angles here. One is the amount of money that corporate Canada is sitting on at the moment: I think corporate Canada is sitting on roughly $500 billion in reserves.