Thank you, Mr. Hodgson, for your presentation.
We will now go to questions from members. The first round will be six minutes for each member, and the second round will be five minutes. It is a very short period of time for questions and answers, so we ask you to be as brief as possible. Also, if the question is not directed to you, but you would like to answer, please indicate that to me, and I will ensure that you get an opportunity to do so.
We'll start with Mr. Simard, for six minutes.