Thank you, Georges.
I want to thank our witnesses for taking the time to appear before the committee today. As you are no doubt aware, we're discussing and studying Bill S-3. We certainly appreciate your taking the time out of your busy schedules to appear before us to make some comments and to answer some questions the committee members might have afterwards. I'm not sure if you have decided amongst yourselves who wants to go first this morning.
Mr. McGuinness, any time you are ready, the floor is yours to begin with your opening comments.