Colleagues, ladies and gentlemen, I think we'll get going right now. Madame Kennedy will be with us in a moment.
Mr. Nickel, I'm sure you've been in the audience and observed how we work things around here. The process is fairly simple. After your brief opening statement of five minutes or less—and I will interject if you go too far beyond that—we'll enter into a round of questions and answers with all our committee members. We actually have a bit of a tight schedule, so that's why we try to keep on time.
We would ask you to start, sir, if you wouldn't mind, for five minutes or less.