If I may, Mr. Chair, that would obviously be a very significant hit.
In the budget documents and the updates of economic and fiscal projections, we always include a sensitivity analysis for a number of variables, and their effect on the budgetary balance. One, at the back end of the update, looks at an increase in interest rates. So basically, for every 100 basis points, or one percentage point increase in interest rates, you would see a deterioration in the budgetary balance of about $800 million in the first year, building to $2.3 billion by year five.
So if you were going, as you said, to very significant interest rates, that would be a huge hit.