Thank you, Mr. Chair.
Thank you all for being here.
My first question is for the officials.
Can you, perhaps, speak to what happened in the past, with regard to consultation on items that could potentially have market implications? As we just heard from the president of CMHC, in the past, previous governments have also implemented changes to affect the housing market or mortgage market.
Can you as officials comment on whether there were consultations at the time, or has this been a policy of protecting market sensibilities? I don't mean attributed to one government but in terms of a department policy.