Thank you.
Thank you to the witnesses.
I would like to clarify that the Bank of Canada confirmed to our committee in February that the annual increases in carbon pricing raise the average economy-wide price level by 0.1 percentage points.
Mr. Giroux, it's lovely to see you here. I know that I've seen you in other committees. I tend to focus on climate, because it is so incredibly important and certainly continues to add pressure to government budgets. Wherever we sit in terms of our action, there is no doubt that climate is impacting all of government. It's health care, it's infrastructure, it's disaster relief and on it goes.
Would you agree that climate change—and its impacts, which we're certainly experiencing in Canada—is a risk to the fiscal health of our country?