Thank you, Mr. Chair, and thank you to all our witnesses for the work you do for all of us as parliamentarians as well as for Canadians.
I'd like to base most of my comments, Mr. Chair, on the “Fiscal Sustainability Report 2015”. I would imagine you'll be doing an update of it at some point.
I'd like to talk about some of the assumptions in modelling behind this report. First of all, there was a conscious decision to treat all subnational debt as a uniform number. It seems that you've added all the different provinces' and territories' debt and just taken it as a whole. Was that for simplicity of modelling, or was it for some other reason?