Thank you very much, Mr. Chair.
Thank you all for coming today. I'm glad that you've been able to be here.
If I had more time I'd be able to ask questions of all of you but I'm going to try to focus in a bit on some things. To help me understand where we're at, Mr. Charles, and also Mr. Smith, you both indicated that it is inequitable that the stress test would apply only to insured mortgages.
If I can just take two steps back here, is it a good thing for people to put down, to have conventional mortgages? What is the benefit of having conventional mortgages in your opinion?