Thank you, Mr. Chair.
Welcome, Governor and Senior Deputy Governor. Mr. Macklem, let me first congratulate you on your appointment. This probably means that we will have an opportunity to see you again in committee from time to time.
My questions will first deal with the issuing of government bonds with a 50-year term. The government was quick to act. In the morning, we heard that the government was considering issuing those bonds and, by late afternoon, we learned that an amount of $1.5 billion had been issued and sold on markets.
We heard the version of the Minister of Finance, but could you tell me what the position of the Bank of Canada is in relation to the issuing of such long-term bonds? We are actually talking about 50 years.