Thanks very much for coming.
In the previous few years, the Bank of Canada purchased hundreds of billions of dollars' worth of government bonds at what were then low interest rates. Now, interest rates have gone up. In your previous appearance before the committee, we talked about how that would put the Bank of Canada itself in a deficit position, since it has to pay out more in interest than it receives on those bonds as the interest rates go up.
Can you update the committee about the budgetary position of the Bank of Canada in terms of a surplus or deficit based on those bond holdings?