Far be it from me to qualify the minister's statements, but I think he reflected the sentiment that this is a provision that is designed to protect customers and depositors, hence that all deposits are excluded. It really is to keep the institutions operating.
From a broad point of view, this is one measure we hope never to test, but it's adding one element to the tool kit of many tools that already exist under the CDIC Act. From a large system point of view, this is one extra feature. It's important, and we hope we never test it.
That being said, it's important to ensure that even under hypothetical scenarios our system works sufficiently to give confidence to investors in the Canadian financial system.