Jeff, I'll give you the first eight minutes.

Good morning, everybody.

I'm here in Vancouver, a region that has just under 3 million people.

So I know this forum attracts an international audience.

And so I apologize if I'm directing a lot of my comparisons to the United States.

If you combine the United States and Canada, Vancouver would be the 25th largest metropolitan region.

Yet we have the third busiest rail system and the fourth busiest bus system on the continent.

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