I would just like to clarify one thing. Since the beginning of the financial crisis, short-term markets have been facing problems. I am talking about the liquidity problems of financial institutions, even those of Canada. Consequently, the Bank of Canada provided liquidities to the banks. We did this through loans guaranteed by securities, for example CMHC securities. Every time we did this, we offered less money than the value of the securities. We are therefore protected. To use a finance world term, the haircuts were rather close related to...
On April 27th, 2010. See this statement in context.