Define what you stand for and understand that success can become enduring only if it is built on a strong foundation of values. You cannot enjoy the fruits of success if you have to argue with your own conscience. Values are a matter of trust and must be reflected in your actions.
And we have the tools needed to provide emergency liquidity if severe stresses develop. In fact, we recently reviewed our pandemic-related liquidity interventions to help us better target our responses in the future. We stand ready to act, if needed, to safeguard the stability of the Canadian financial system. The Governor and I will now be happy to take your questions.