Thank you, Mr. Chair.
Mr. Poloz, you provided an optimistic scenario and a bleaker scenario. You said, “I'm reasonably optimistic. The best-case scenario remains feasible.”
However, as Éric Desrosiers reminded us in this morning's Le Devoir, Statistics Canada spoiled the picture on Wednesday. It released an initial estimate of the decline in gross domestic product in the first quarter. Its estimate was -2.6%, just below your bleak scenario. This was done in particular because of the 9% downturn in the economy in March.
Based on this information, do you believe that the best-case scenario is still feasible?