We will now move to questions.
We probably have time for about an hour. We do have some business at the conclusion of the meeting, but we'll get through a round if we stick to seven minutes on the first round for questions and answers.
Clerk, I'll ask you to keep pretty close tabs on the time today so that everybody can get in. It has been a fascinating presentation, and I think everybody wants to have time to ask questions.
So the first round will be seven minutes, and if we can get to a second one, we'll do a five-minute round.
For the first seven minutes of questions and answers I'll go to Mr. Brison. I understand that you want to share some of that time with Mr. Silva.