Governor Macklem, thank you so much for being here.
I'll jump right to my questions in the interest of time.
During your testimony you indicated that the mix of fiscal and monetary supports that had been provided to the economy have largely been effective. You described the downward pressure on the economy that could lead to deflation and potentially job losses had those supports not been there.
I'm curious to know whether you've done any analysis or have any views on what effect the premature withdrawal of significant fiscal and monetary supports would have by way of impact upon real people and businesses across the Canadian economy.