I'm going to follow the same tack as Mr. McKay. You say that even with imaging, it would take four days because of certain constraints. How was the Canadian Bankers Association able to sign a private contract aimed at reducing the wait time from 10 to 7 days? What allowed for this reduction?
If I understand correctly, even if Bill C-37 is not passed, the banks are still committed to reducing the cheque-holding period from 10 to 7 days. And yet, you have stated that given the size of the country, there are limitations as far as the transportation of bank instruments is concerned.