Thank you very much, Mr. Easter.
I have a question for Mr. Mintz.
Mr. Booth mentioned in his presentation the danger of inflation and how that disproportionately affects people of lower income. What we're seeing is that the Bank of Canada has committed to maintaining inflation at about 2%. They're doing that by adding hundreds of billions of dollars that they've given the government to disburse.
You talked about ineffective spending back in October in an article in the Financial Post. Can you elaborate a little bit more on that and also on the impact that this massive debt is going to have on people in the lower part of the economy?