Thank you very much, Professor Robson.
Thank you to all the witnesses. When we have a panel such as this, which is a mixture, I think, even for you, we see the complexity of the Canadian economy. Witnesses sometimes tell me when we do things this way it is interesting. We all tend to operate in silos, so it's interesting to see some of the problems of others in their areas of responsibility.
With that, we will go to four and a half minute questions. Let's try to keep it very tight if we can so we can get as many questions in as possible.
Mr. Cooper, we'll start with you, followed by Mr. Fragiskatos.
Michael.