Thank you, Mr. Chair.
I'd like to briefly return to a point made by Mr. Boychuk previously. In describing the problem, he talked about the mark-to-market accounting rule. Last week, this committee had the opportunity to meet with a university professor who raised the same problem. I'd like our witness to provide us with more details on this topic. We are here to make suggestions, from time to time. The budget has been adopted, but perhaps there is room to refine certain things.
He must certainly recall that four or five weeks ago in the United States, the possibility of changing the mark-to-market rule was raised. Markets then reacted swiftly. In the one hand, this can be seen as an indication that tweaking this rule could give rise to problems of false market values. On the other hand, if, because of current conditions, we are not able to put a value on things that are inherently of value over the long term, perhaps this rule has to be replaced with something else.
I'd simply like him to share with us the fruit of his experience and even a few observations or suggestions, if he has any.