Thank you very much, Mr. Giroux. It's good to see you at committee.
There are some who have suggested that we shouldn't get our knickers in a knot about the size of the debt because debt servicing costs are so low. However, there are some fears that the Bank of Canada rate may rise earlier than expected, perhaps some time in 2022.
Can you speak to the risk of rising interest rates, and has your office modelled what each 1% increase in rates would mean for the debt that the federal government has incurred over the last six years?