I call this meeting to order.
Welcome to meeting number 38 of the House of Commons Standing Committee on Finance. Pursuant to Standing Order 108(2), the committee is meeting on the report of the Bank of Canada on monetary policy.
Today's meeting is taking place in a hybrid format pursuant to the House order of November 25, 2021. Members are attending in person in the room and remotely, using the Zoom application. Per the directive of the Board of Internal Economy on March 10, 2022, all those attending the meeting in person must wear a mask, except for members who are in their place during proceedings.
I'd like to make a few comments for the benefit of witnesses and members.
Please wait until I recognize you by name before speaking. For those participating by video conference, click on the microphone icon to activate your mike and please mute yourself when you are not speaking.
For interpretation for those on Zoom, you have the choice at the bottom of your screen of floor, English or French. For those in the room, you can use the earpiece and select the desired channel.
I remind you that all comments should be addressed through the chair.
For members in the room, if you wish to speak, please raise your hand. For members on Zoom, please use the “raise hand” function. With regard to a speaking list, the committee clerk and I will do the best we can to maintain a consolidated order of speaking for all members, whether they are participating virtually or in person, and we appreciate your patience and understanding in this regard. That being said, I request that members and witnesses treat each other with respect and decorum.
Before we begin, I'd like to remind our members, as discussed during the last meeting on the Emergencies Act draft report, to please submit any final comments or suggestions in both languages to the clerk as soon as possible.
It's my pleasure to be able to welcome our witnesses today. I say “welcome back” to the Governor of the Bank of Canada, Tiff Macklem. Joining Tiff is his senior deputy governor, Carolyn Rogers.
Welcome. The floor is yours.