With the objective set out for the bank and the mandate subject to parliamentary approval, the bank could be operating this fall. We have a planning date of November, and then, really right out of the gate, we'll be working on the advisory function and working with our municipal, territorial, provincial, and other partners on structuring projects. Many of these projects do take time to develop.
As you may know, the government decided to locate the bank in Toronto closer to the ecosystem and infrastructure universe, so it will not be an Ottawa-based entity.