Thank you, Mr. Vanstone, Mr. Williams, and Mr. Waugh for coming to speak with us today.
I should inform the committee that I actually work for Mr. Vanstone. He's my constituent in Toronto Centre.
I want to start by asking Mr. Vanstone and Mr. Williams a macro question.
I'd like to hear from you on the two big things we're seeing in the macro environment and what impact the falling Canadian dollar and the falling price of oil are having on your businesses.
Mr. Vanstone, I know that Air Canada in its latest earnings report spoke about the hit it took in the last quarter of the fiscal year because of the Canadian dollar. I imagine that the low price of oil is helping you on the upside.
To help form a picture of where the Canadian economy is, I'd love to hear from both of you about the impact of these two things.