Thank you, Chair.
Welcome to our guests today.
Mr. Cory and Mr. Duguay, I have a couple of questions to direct to you. Either one of you might want to comment on them.
I've been sitting around this committee table for five years. That's as long as the bank's been around, for the most part.
We've heard many criticisms from the opposition members about the fact that even in the first and second year, the CIB had not completed any of its projects. You alluded to that in your remarks. I have to say, based on some of the numbers I've seen and hearing what you passed on to the committee, we seem to have made some significant progress in that short period.
For the benefit of the committee and for Canadians who might be watching, can you explain why large-scale infrastructure projects, in fact, consume and require a fair amount of time to be completed?