Good afternoon, colleagues. We will get started.
I call this meeting to order. Welcome to meeting number 12 of the House of Commons Standing Committee on Finance.
Before we begin, I would ask all in-person participants to read the guidelines written on the updated cards on the table. These measures are in place to help prevent audio and feedback incidents and to protect the health and safety of all participants, including the interpreters. You will also notice a QR code on the card, which links to a short awareness video.
Pursuant to Standing Order 108(2), the committee shall commence its study of the Bank of Canada's report on monetary policy.
I would like to take a moment to welcome our witnesses and our guests today.
We have the Governor of the Bank of Canada, Tiff Macklem, and the senior deputy governor of the Bank of Canada, Carolyn Rogers, with us.
Mr. Macklem, you will have five minutes to begin.