While some of the recent outsized increases in productivity may prove to be temporary, the recent data do suggest that underlying trend productivity growth remains quite buoyant, and that, in turn, should ultimately show through to stronger incomes for households and an improved profit outlook for businesses.
  At this time of transition in the global recovery, with a weaker U.S. outlook, constraints beginning to moderate growth in emerging-market economies, and domestic considerations that are expected to slow consumption and housing activity in Canada, any further reduction in monetary policy stimulus would need to be carefully considered. With that, Tiff and I would be pleased to take your questions.