Certainly. What we're saying is that, if you think about the Bank of Canada's neutral rate currently set at 3%, we recognize that mortgage rates are going to rise above the current level, but if we were to implement something around the level of 100 basis points stress test from current contract rates, which are in the 2.5% to 2.75% range, you're looking at a stress test of 3.5% to 3.75%, which would be reasonable in our view. As the rates go up, so to with the stress test. That would be a far better approach on a national basis to dealing with protecting consumers from rising rates in the future.
On January 30th, 2017. See this statement in context.