Thank you, Mr. Chair.
Welcome, Governor. It's nice to have you here this morning and afternoon.
Tiff, it's always good to have you back in front of us. It's good to see you.
We've been working very hard talking about 2015, balanced budgets, and getting to the point where we no longer have a deficit here in Canada. My concern is that the federal government is working hard to achieve this, but at the provincial levels we're seeing large amount of deficits and indebtedness. What is the impact on your forecast if we don't see any curbing of provincial spending and their debt levels?