Thank you, Chair.
Mr. Rizzo, I want to probe your comments about the link between the cost of living crisis and the unemployment crisis. You were talking earlier about how, effectively, as the cost of living has gone through the roof, what constitutes a living wage—that is, what your employees need in order to live in a city with incredibly expensive housing and to cover basic expenses—becomes a lot higher. Other jurisdictions, where workers are making less money, at a nominal level, but are better off because of a lower cost of living, become much more competitive jurisdictions to invest in, relative to Canada. I think it's an important point, because we've been talking about both of these crises—cost of living and unemployment—and you're highlighting the relationship between the two.
I wonder whether you could share a bit more about how the cost of living crisis impacts business investment, the ability to create more jobs, etc.
