Governor and Deputy Governor, welcome to the committee.
Your report refers to business investment having been very weak and says that a rotation away from household spending towards business investment is essential. Given that you're saying investment is essential in terms of growth today, is there a case to be made, and I think David Dodge may have made it recently, that we ought to take this opportunity of historically low bond yields, real interest rates in a negative territory, slow growth, and soft employment to invest in infrastructure, and what sorts of investments in infrastructure could be stimulative? Should we be encouraging our pension funds and pension funds from other countries to invest in Canadian infrastructure so it doesn't all have to be on government balance sheets? What is your view of the timing today for long-term infrastructure investment?