Thank you, Mr. Chairman.
Firstly, I wish to thank all of our witnesses for their presentations. Many issues have been raised. Unfortunately, as my colleague said, we have little time.
My first question is for Mr. Lafrenière. In your presentation, which I found very interesting, you talked about the fiscal imbalance, which may have come as something of a surprise to my Liberal friends. They must be wondering why an association of mutual insurance companies would take a position on this issue.
Upon reading your presentation, I see that you have drawn a parallel between how mutual insurance companies return funds to their clients when they record a surplus, and how the federal government, when it has surpluses, should also return funds to the provinces concerned.
Would you please elaborate on this for the benefit of my Liberal and Conservative friends.