Thank you.
Good morning to all the witnesses.
The first question I'd like to ask is related to the price of the dollar, the exchange rate. I know the transportation sector is very price-sensitive. You can have very low margins, and when you're faced with rising fuel costs, the travelling public, for example, isn't always as understanding as they might be on that. So you really do get squeezed.
With respect to the dramatic rise of the dollar, I'm wondering what impact that has on all of you. For example, in the airlines or in long-haul trucking, is there a trend sometimes, just like with cross-border shopping, for people to shop across the border for cheaper rates or fares? Whenever I travel—it's mostly just Toronto–Ottawa, since I'm a Toronto MP—the flights are usually full. I'm wondering if there's an overall impact, especially in the long-haul transportation.
That's a question to all of you.