If I understand correctly, you are not of the opinion that the U.S.-Canada softwood lumber agreement prevents you from granting loans. You operate on a basis of trade and risk assessment. In certain cases, you determine that the risk is not justified and so you do not grant the loan.
As you are undoubtedly aware, the government's official argument is that the softwood lumber agreement between Canada and the United States prevents you from providing loan guarantees to the forest industry. I do not know whether Mr. Halde has an opinion on this subject, because we discuss it regularly in the House of Commons. We are always told that loan guarantees are not allowed under the U.S.-Canada softwood lumber agreement.
Does that ring a bell with you? Do you have any limitations? Mr. Halde, do you have an opinion on this? I would like to hear both versions.