We've been broadly in support of this initiative from the government, and my predecessor wrote to the government back in June of last year urging the government to act on this.
I'm wondering about any exposure risks we may have if we were to see a large influx of Canadian companies. Our central bank is backstopping this to $30 billion in case of crisis or any financial meltdown of significant size.
With our not having any influence on the levers of this pegging—the Chinese have committed to float the currency, but we don't know when, and it's been somewhat of a long-standing commitment—are there any downside risks for Canada if Canadian firms or the Canadian government, bondholders, are highly exposed to a currency that is artificially pegged?