Thank you, Mr. Chair.
Welcome to the officials.
This is the time we have been looking forward to since yesterday when 99% of our questions were referred to you, so welcome.
I'm going to really frame my line of questioning over the next three hours around three different things.
Number one is going to be really the imperative for the move and why the move had to take place.
Number two is going to be me trying to get a clearer understanding around whether all the policies and procedures were followed and whether we really got value for our money.
Number three, the last theme, will be to focus on the importance of the mission.
You touched on all three of those, but I'm going to try to break it down for Canadians like me who are Tim Hortons double-double users, so let's start with the imperative first.
My understanding is that aside from the cost imperative and some of the needs, there were some new regulations introduced by the board of the now-previous property that restricted the ability of the mission to perform the duties it needed to provide for us to make sure that we could manage over $200 billion of trade in one of the most important cities, as you said, which covers a lot.
Can you please talk about the imperative from the point of view that, aside from the cost, really we were dealt a hand to which we had to react?