Thank you, Mr. Chair, and thank you to all of our witnesses for taking the time and being with us today.
I want to start my first questions with Mr. Brunnen and CAPP. We've heard from the Governor of the Bank of Canada that, early on in this crisis, the bank moved fairly quickly and started buying bonds and supporting the banking industry through that bond buy and actually into corporate bonds as well.
With that, we heard that it was to create greater liquidity. It allowed businesses to expand their lines of credit, cap up their lines of credit and park the money, as he explained. I'd like to hear a bit from your members about this liquidity issue, because it strikes me that this strategy has not helped the oil sector whatsoever.
Can you comment on that?