Thank you very much.
I'll just explain to the committee that we've allocated 45 minutes for the review of the appointment. I believe Mr. Siegel has agreed to stay on for the second part of the meeting.
You have sitting at the table Stephen Poloz, who is from EDC, a senior vice-president and chief economist of corporate affairs. Stephen won't be involved in the first 45 minutes, but he will be involved in the last part of the meeting. That is just for clarification.
We'll go now directly to questioning from the official opposition side. Mr. Bains.