Thank you, Mr. Chair.
Welcome again.
I'm going to muse over a couple of things before I get into the actual questions. You'll note the difference between ourselves and the government side. We had felt, in the situation we just went through with the interest rates as low as you referred to earlier in your presentation, that there was about $500 billion of capital on the business side kind of waiting, fearful of another bank credit crunch, and that it might have been a good time for the government to do some infrastructure work because of low interest rates.
Regarding your comments about going from 9% to 4% on credit cards, the last time you were before us you cautioned about the household debt. I'm concerned that perhaps to some degree that's card debt actually being maxed out, as opposed to people withdrawing.
I want to pick up on Mr. Brison's question. He was talking about the housing bubble. Are we in a housing bubble? If we are, relative to household debt, where does it fit in the equation? Is there something the government can do to shelter Canadians from this bubble, from the potential harm they face?