Thank you very much for that presentation.
We will go right into questions by members. Just to inform the witnesses, in the first round of questions we have four members scheduled; we have three members for the second round, a total of six minutes per member, so I would encourage you to be brief in your response and members to be brief in questions, because the six minutes includes both the members' questions and your responses.
We'll start with Monsieur Lapierre for six minutes.