Thanks very much, Mr. Chair.
Thank you to all our witnesses for being here today. I won't have enough time to ask questions of all of you, and I hope you'll understand, but I do appreciate all of your contributions to today's hearing.
I'd like like to start with Monsieur Perrault.
First of all, Monsieur Perrault, it's good to see you. Once upon a time, I was a Scotiabanker, and it's good to see another Scotiabanker here offering his perspective in helping us to resolve these important issues. In your testimony, you spoke to some of these issues that I'm going to ask about, but I would just like to make sure they're clear, for my sake and for members of the committee.
Is the current rate of inflation experienced in Canada unique to Canada, or is this a global problem?