Thank you very much, Mr. Chair.
My thanks to the witnesses for joining us today.
Mr. Ricard, could you talk to us a little about the financing costs?
In your report, you set those costs at $1.6 million. In your opening statement, you said that those costs could have been avoided between 2009-2010 and 2011-2012. In reply to the first recommendation, the department has concluded that there is no unequivocal evidence as to the financing costs. My impression is that your assessment and the department's conclusions contradict. Can you shed some light on that for me, please?