Thank you to all of our witnesses for making a wonderful attempt at shortening and simplifying a most complex and extensive subject.
For the couple of members who came a bit late, we've modified the rules a little today. We're reducing the speaking time down to five minutes or less, if possible, due to the volume of presentations that are being made here today.
We'll start our questions with Mr. Simard. Of course we'll finish with our set of witnesses here at 4:30 and then we'll get on to the next delegation.
Mr. Simard.