Thank you, Mr. Tanguay.
We'll go directly to questions from Mr. Regan.
We're going to be really pushing it even to get through the first round, so maybe we could have a six-minute round. The clerk has mentioned that the next committee would appreciate it if we ended all of our meetings at five to 11—and we do still have a short discussion of a couple of minutes at the end of the meeting today.
Go ahead, Mr. Regan.