First of all, I apologize if I come across as arrogant. That's not at all my intention.
We have people working in all provinces of this country, including Alberta, and we listen to our colleagues in all of the entities and to all of the stakeholders who testified to you. Some of them are our clients, in fact. Some of them are our competitors, and we listen quite intently to them.
I misspoke if you thought our conclusions came merely from a book. I was citing that as a particular piece of evidence for being concerned about the future, and I would reiterate that concern.
I must say that the problem that we worry about the most is unemployment. That is absolutely the single creator of somebody losing their home. That's the single risk we face.
Economists talk about negative demand externalities. People in Canada will determinedly pay for their home, so the fact that our arrears rates are very low is actually worrisome, in the sense that someone will save their home by not buying a car, by not buying a fridge, or by economizing on their groceries. That's our experience in Canada. What that does is it reduces consumption. When we reduce consumption, we reduce economic activity. When we reduce economic activity, someone loses their job. That is what we're concerned about.