If I could get all the members back to the table we'll get started.
I want to welcome this afternoon, as an individual, Chris MacDonald, who is the director of the Jim Pattison ethical leadership education and research program at the Ted Rogers School of Management. Chris, welcome, sir. We're glad to have you here today.
From Loblaw Companies Ltd., we have Bob Chant, who is a senior vice-president of corporate affairs and communications. Bob, welcome to you as well today.
Chris, why don't we start with you, sir? You have 10 minutes for your opening presentation, and then we'll go to Mr. Chant. Then we'll go around the room and ask questions just like we did in the first hour.
Mr. MacDonald, we turn the floor over to you, sir.