Thank you, Mr. Chair.
I would like to welcome our witnesses.
As you know, we lost almost an hour because of votes. It's unfortunate because we could have a great discussion about this. Mr. Caron, I would like to ask some questions, and I will go right ahead.
What you have just told us is wonderful, but the federal government has made significant cuts in the 2012 budget. Would you agree with me that there have been significant cutbacks?