Thank you, Mr. Chair.
Thank you so much, Mr. Askari and your team, for being here today.
I want to start by talking a little bit about labour force participation. On page 6 you say, “The unemployment rate has continued to trend lower”. It's at 5.8%. Then you say, “This decrease, however, largely reflects a decline in labour force participation.”
When you are talking about labour force participation, is this due to the natural birth rate falling fairly rapidly, as well as our retirement rate?