Thank you.
Governor Poloz, Senior Deputy Governor Wilkins, thank you for joining us. The quality of your French is extraordinary. I would also like to recognize the collective work you have done to make sure that the Canadian economy is functioning well.
I feel that all my colleagues around the table will agree that, when the economy is going well, it has very positive effects on our immediate political situation. Of course, that is not a concern for you.
In the “Monetary Policy Report—April 2017”, published today, you say that the economy performed better at the end of 2016 and the beginning of 2017 which could partially be attributed to the Canada Child Benefit.
In whichever language you choose, can you give us a brief overview of the effect the program has had on the Canadian economy and tell us why you forecast that the effect will not continue through the coming months?