Thank you, Mr. Chair.
Thank you, witnesses; it's always interesting.
I want to focus a little on the credibility aspect. Mr. Dechert was just talking about BDC, but besides BDC, Mr. Conway, I wonder.... You said smaller businesses are having a hard time; there is a tightening of credit. But depending on the week.... Last week we had the banks here, and they said everything was fine. CMHC put $125 billion up for bid, and it wasn't all taken up. There seems to be enough money flowing.
That was last week, and this week it doesn't seem that the money is flowing. What's happening? Are the Canadian banks actually busier than usual? Are they picking up the slack, but people are exiting? My understanding is that there are some foreign banks exiting and that the Canadian banks are having a hard time keeping up.
I don't feel that it's just small business; I feel that it's credit availability overall.