I would like to comment on the issue. I think there's this view that somehow the government is backing all the mortgage insurance, and I'll speak for the mortgage insurers. The two private mortgage insurers have capital to support their obligations to a double A level. This is comparable to the capital level of the Royal Bank of Canada. It's a very strong type of covenant. The shareholders who put the money in and collect the premiums actuarially determine premiums that can handle those liabilities. In fact, OSFI has increased the capital that mortgage insurers have to have in their businesses by 40% to 50% in the last five years.
These are very well-capitalized businesses. This government backstop guarantee steps in only when these double A institutions have gone bankrupt. It's very comparable to CDIC insurance.