Let me clarify that. The $60 billion is an estimate from the Canadian Finance and Leasing Association. That is the amount of volume financed in Canada through loans and leasing at a retail level for our dealerships.
Will it be that high? No, it doesn't need to be that high. But if you look at a ceiling, that's the highest level. What's happening now, though, is that we're taking loans, as a manufacturer, as are the other manufacturers, and we are financing deals. But we don't have a market to secure those. There is not a viable market to bundle those and sell them on the open market. First, that creates a huge cash drain on the company, and, second, it limits our ability to offer vehicle financing in the form of leasing. The leasing market with regard to securitization has been extremely tight, not only here but in the U.S.
Basically, with respect to the loans we're offering in Canada today, we, as a manufacturer, are forced to go to our parent company in the U.S. and borrow money so we can offer those loans in Canada. Quite frankly, we're doing business in Canada on borrowed time. We need the Canadian market, the Canadian financial institutes, and the Canadian government to help Canadians help Canadians. This is about stabilizing the economy in Canada, stabilizing an industry that represents 20% of the retail sales, and stabilizing one in seven jobs in Canada.