Thank you so much, Mr. Chair.
I thank the governor and the deputy governor for being here today. Thank you so much for your important service to our nation.
I'll start off very quickly by correcting my Conservative colleague who started out the gate by indicating that the government continues to believe the economy needs more stimulus and investment. I want to put on the record what we have done as a government.
Since last summer we have been very deliberate about reducing the funding around our emergency programs, and it has been very targeted. What we wanted to try to do, as we're coming out of COVID, is reduce the amount of money we're giving, but not so quickly that it destabilizes the foundation of our economy, from which we want our businesses to continue to pivot and to rebound.
Governor, thank you. I appreciated your indicating to us that our fiscal policy was successful and that our generous emergency programs have worked both to stabilize the economy and to help it largely recover to where it is today.
My first question is actually about households. As you rightly pointed out, everybody is worried about the rising costs of, it seems, everything.
Have you done an analysis on how it's going to be impacting households in terms of interest rate increases?