Welcome back to meeting number 49 of the Standing Committee on Finance to continue with our pre-budget consultations for budget 2014.
I want to welcome our second panel of witnesses this afternoon.
Panellists, you will each have five minutes, after which committee members for the first round will have up to seven minutes to ask questions.
We'll begin with Mr. Joanis, associate professor, department of mathematical and industrial engineering, Polytechnique Montréal.