Thank you very much, Chair.
Thank you to you, Mr. Jacques, and to your colleagues for joining us here again today. It's good to see you in just one short week since your previous appearance. I do appreciate the report that you tabled and look forward to the answers that you and your team are going to provide today.
In figure 1 of your report, you no longer predict the debt-to-GDP ratio improving. In fact, it would appear that what was once a fiscal anchor has now been abandoned by the Prime Minister and his government, as your report indicates the debt-to-GDP increasing to a clearly alarming rate of 42.5%.
Is this sustainable? At what point does it hit a critical point? Should Canadians be concerned?