Thank you, Mr. Minister, for being here with your deputies today. We certainly appreciate your presence. I would like to just touch on the infrastructure bank. It should probably be called an infrastructure corporation, because it won't be providing bank services so to speak.
Minister, just to put this in context, right now I'm hearing from insurance companies that say OSFI's new capital requirements for them to invest in Canadian infrastructure are going in the opposite direction of the rhetoric of your government. They're saying right now that as of January 2018, the new capital requirements will actually make it more difficult for Canadian insurance companies, which have traditionally invested billions—I think $70 billion—in Canadian infrastructure. Can you explain why you are so gung-ho on an infrastructure bank that basically is to attract foreign investment while at the same time actually making it more difficult for Canadian companies to invest in Canadian infrastructure?