Thank you, Mr. Chair, and good morning all.
It's been stated that there are really only two major non-bank floor plan lenders that are U.S.-owned. The two issues are the cost of money and/or the availability of it, and they both have to be factored in at some point.
My question is for either Mr. Bertrand or Ms. Allan. Is it only the Canadian tax laws that are denying some possibility of an infusion of capital from the U.S. parent? Or, as Mr. Maloway has suggested, is it that the market itself is going to demand every bit of seed capital available to them? What is the truth here, or are both of these statements true?