Thank you for your testimony. Mr. Bruce, based on the minister's presentation last Tuesday, I understood that he and the department foresee losses totalling $500 million for 2006. And he actually said that he got the $3 billion figure by simply multiplying $500 million by six. Was that your understanding, as it was mine, of the method the minister proposed last Tuesday? He even use the word “arithmetic”.
On February 1st, 2007. See this statement in context.