Thank you, Mr. Chair, and thanks to all of you for being here today.
I'd like to take a minute to recognize the passing of our Auditor General, Michael Ferguson. His department has offered some good assessments of this department in the past. We'll miss his input.
A few things have come up, both in our first meeting and again today. One word that twigs my attention is “overcapacity”. I have to ask why. Can I get one of you from each sector to describe the key things that have resulted in overcapacity?
Phil, would you like to start?