Thank you.
Paul, I was fascinated by your brief. It's something near and dear to my heart. Some of us read Boom, Bust & Echo back in the day when no one was paying attention to this.
I have a couple of things to say for clarity. I will say that I have more research to do now, because there were some assumptions I had that I'm not sure.... You have a lot of figures and data in here that I need a bit more understanding of.
One thing I will ask is this, and a couple of things are playing into it. We have lower birthrates in Canada; we know that.