Thank you, Mr. Chair, and thank you to the witnesses for taking the time to be with us today.
I want to start, if I could, in terms of the future. One of the things we've heard from witnesses who have come forward from Industry Canada and from EDC and BDC is this notion of differentiating between structural and cyclical difficulties in industries. The interesting thing about the forestry industry is that it was the one--or one of the few--that was prominently mentioned on both sides. There's a component of difficulty that's structural. In other words, it would still exist even if there weren't a global crisis right now. The cyclical part, of course, is that the global slowdown affects all industries right now.
Maybe you could comment on the portions of the industry where there might be an acknowledgement that there may be some structural difficulty, with demand slowing worldwide simply because the need for certain types of products is going away, and what transition plans there may be in those areas.
Mr. Arsenault, could you start?