Thank you, Mr. Chair, and through you, thank you to our witnesses for joining us.
I'm going to begin with the Bank of Canada, and I hope we can get some general questions out of the way off the bat.
Reviewing what is currently there in terms of treasury bills and domestic marketable bonds, my understanding is that about $276 billion is outstanding in treasury bills and a little over a trillion dollars in bonds.
Am I right to assume that as these mature, they are reallocated and put out again for purchase at whatever the rate would be at the current time? Am I right in assuming that?