Thank you, Mr. Chair, and thank you witnesses for your presentation, and thank you in particular, Mr. Fréchette, for your presentation.
I wanted to start by looking at the issue of oil prices. Oil prices have been dropping quite steadily since June by about 25%. A recent banking report suggested oil prices could drop to as low as $70 U.S. a barrel by Christmas.
Do you think falling oil prices will have an impact on the government's balance sheet?