Thank you, Mr. Chair.
Thank you, Mr. Duguay.
Just a couple of quick questions.
Deterioration is obviously going on in different sectors at different times. We seem to be following what's happening in the United States, so we see they've had trouble in their financial sector, with the banks and insurance companies in particular, and real estate. In Canada, we haven't had the effects of the real estate sector.
I notice the last round of liquidity did not include any transfers for mortgage loans. Is the Bank of Canada going to be involved in mortgage loans? I understand there's some involvement when in your presentation you talk about securing some of the CMHC.... Can you just explain how that works, how you treat the different sectors, whether it's real estate or non-real-estate securities?