Thank you, Mr. Chair.
Thank you for being here with us once again today.
My first question is on a topic I raise with you regularly when you come before us, and that is household debt.
I wonder if you could provide us with a status report on household debt in Canada. The situation does not seem to be improving. Some studies show that there can be good debt. A mortgage, obviously, is a good debt. However, a recent study by the MNP firm has shown that 50% of Canadians are $200 away from insolvency, that is to say a few dollars away from bankruptcy at the end of every month.
I wondered if those numbers are of concern to you, with respect to the Canadian economy. What are your thoughts?