As you know, Mr. McCallum, no one, including all the economists in Canada, predicted that we were going to have a recession, much less a deep recession, much less a global recession. The consultations that were led by my parliamentary secretary heard a great deal about this particular issue this year, and the result is the step we've taken. There has been some improvement in the conditions of insolvency ratios of pension plans because of the improvement in equity markets this year, as you know.
On October 27th, 2009. See this statement in context.