It's good to see you, Mr. Chair.
Happy New Year to all colleagues. Thank you to all of you for being here today.
I'll begin my questions with Ms. Hogan.
Ms. Hogan, your report is extensive. There's no question about that. One of the things that stand out in the report is your point on what could have potentially happened—we can't know with absolute certainty—if the various emergency programs, of which the wage subsidy is one—admittedly a very important part of the overall picture, a signature response program on the part of the government—had not been introduced. As you said in the report and you articulated again here today, poverty would have increased very significantly, and the same is true for income inequality.
Can you expand on that?