Thank you very much, Madam Minister, for that very detailed presentation. We very much appreciate your availability to come before us.
Now we're going to move to the question period. Members of the committee, we're going to do two rounds of questions. For the information of those who are new to the committee, we're going to start with six minutes for the Conservatives, six for the Liberals, six for the NDP, and six for the Liberals. The second round will be six minutes for the Liberals, six for the Conservatives, six for the Liberals, five for the Conservatives, and three for the NDP. However, I tend to be flexible with the time for questions. If you're trying to get through a thought process and your questions are not designed for long-winded answers, then of course if I see that your time is being eaten up by the answer, I tend to be more flexible.
We're going to start with Mr. Nicholson.
Mr. Nicholson, welcome. The floor is yours, sir.