It could limit our options.
It would make it very difficult for EDC to play any significant role in the domestic economy. That's important, because we have a number of corporates, at all sizes, who have short-term growing requirements. In many cases they have bank credit, but they need additional credit to fill gaps. It could be because foreign banks or non-bank facilities are no longer there and they need some additional credit. An example of this would be what EDC did with Nova Chemicals recently, coming in to fill a $100 million or $150 million financing facility to allow them to get over a short-term liquidity problem to be able to continue to function. A number of companies like that are approaching EDC. The legislation would make it easier for us to do that as it would make it possible for us to bring our capacity to the benefit of the private sector in credit insurance and in surety insurance and the like. It is an important set of powers that would limit what EDC could do if it is in power.
Thank you.