Thank you, Mr. Chair.
Thanks very much, Monsieur Giroux, for being here again with the finance committee, virtually this time. You've been very generous with your time with us. We certainly hope your family is safe and healthy, as well as the families of everybody working for the parliamentary budget office. You play an important role in our Parliament.
My first question to you is very simple.
You've talked about the debt-to-GDP ratio coming out of the pandemic, or what we hope will be the rebuilding phase out of the pandemic. How does that debt-to-GDP ratio compare with the level we had after the Second World War, which also was a period of intense spending and rebuilding our infrastructure and building a social safety net? How does it compare with other countries that have a strong social safety net in place?