Thank you, Chair.
Welcome, Governor and Deputy Governor.
Right now, we have inflation in the Canadian economy that has fallen and is down. Interest rates have fallen. The Bank of Canada, under your leadership, reduced it by 125 basis points; the last cut was 50 basis points. We have an economy that is growing moderately. However, it's growing. In fact, we enter the new year in a few weeks. The International Monetary Fund forecasts that, in 2025, we'll have the fastest growth rate among all of the advanced economies in the G7.
Governor, have we achieved the soft landing that we and many economists spoke about after coming out of COVID, a war in Ukraine and supply-chain bottlenecks?