Thank you.
In late fiscal 2008, the Bank of Canada provided a maximum of approximately $40 billion to the Canadian financial system in the form of exceptional liquidity. Now the amount of that liquidity is approximately $26 billion. So there has been a significant drop, but that's nevertheless a large amount. Providing liquidity was and still is very important for the proper operation of Canada's financial system.
The purpose of our efforts is to improve overall financial conditions in Canada. We have provided liquidity and we are now providing liquidity to keep participants in the financial system. That isn't just the banks, but organizations such as the Caisse centrale Desjardins as well. This system includes all members of the LVTS. We are finding the results of these transactions encouraging. Currently, the Canadian financial system as a whole is doing better than those of the other industrialized countries.