Thank you, Mr. Chair.
To Mr. Poloz and Ms. Wilkins, thank you very much for being here.
I'm from the west coast in British Columbia, and I appreciate the great leadership you've provided over the challenges we've seen across our country. Especially, being born and raised in Alberta, I'm seeing lots of uncertain times.
In your opening comments you talked about the significant drop in the oil prices in just a few months, the tenderness in the market, and the fluctuating currency rate, yet Canada was the first of the G-7 nations to be able to have a balanced budget.
I was just wondering if you could elaborate, from your experience at the Bank of Canada, on what monetary policies have helped Canada achieve a balanced budget.