Thanks, Mr. Chair.
I'll answer quickly. Number one, on payday lenders, the Minister of Justice has done a fair amount on that issue. We've had discussions, and I look forward to his moving forward on that. I've also discussed it with the Minister of Finance in Manitoba. I agree with you with respect to the need to address the issue.
On mortgage insurance, we believe in competition. We think that the provisions in Bill C-13 will increase competition in this area, that it is adequately regulated, and that more competition is good for this part of our economy.
Thirdly, bank mergers are not a priority for our government.