Thank you, Mr. Chair.
I thank the three witnesses for being here. We've learned a lot from our discussions and their remarks.
Before I ask my questions, I also want to welcome the Liberal colleagues who are here today as substitutes. It's great to listen to these discussions and to work with them.
Mr. Chair, you're an excellent chair, but a member who's here today was chair of the Standing Committee on Finance in the previous Parliament, and he was an excellent chair too. I had the pleasure of working with him for several years. I welcome my dear colleague and friend.
Mr. Myers, thank you for your remarks. As we just heard, you announced another 20 new projects a few weeks ago. However, your website says that no applications for new projects are being accepted. Is that to be expected because it's cyclical, or is there some other explanation?