Thank you very much.
I'll start by thanking all of our witnesses for being here today.
I'm going to focus my questions toward Mr. Macdonald from the Canadian Centre for Policy Alternatives.
I just want to come back briefly to the question of benefits that are indexed to inflation. I often hear from seniors in Elmwood—Transcona who are outraged when they see the relatively small increase to their Canada pension plan benefits. When you compare that to the cost of living, they rightly notice that those things don't quite add up.
I wonder if you might have a little wisdom to offer the committee at to why Canadians often feel that their benefits, while indexed to inflation, don't keep pace with the rising costs they experience in their monthly budgets.