Thank you, Mr. MacAulay.
Before we begin this morning, I would like to point out a couple of things. First of all, thank you very much for coming to meet with us this morning.
The second thing is that because of the number of people we have today, we have to meet certain time constraints. When you're speaking or responding to questions, if you hear a beep, beep up here, don't be alarmed; it's the timer we have.
We'll give you 10 minutes, if you want, to make a presentation to the committee, and then each party has a certain allotment of time to ask questions and for your responses as well. You'll hear this beep, beep throughout the proceedings this morning. If I could ask you to adhere to that timeframe, I certainly would appreciate it. Again, it's in the interests of trying to hear everyone's concerns here today.
To begin with, I'll turn it over to you, Mr. Frenette, I believe you're going to make some opening comments to the committee. The floor is yours.
Thank you.