What I said at the time, and I guess I still feel that way, is that it really is a question for the Minister of Finance, not for the Bank of Canada. If the Government of Canada would like to have some form of borrowing hub for the provinces, that would be a government policy for them to think about.
As I've said also, our objective here is to do our best to make sure that markets behave, that they function very well. That makes it easier for the provinces to go about doing their normal business, or in this case, extraordinary business, because the demands for the immediate term, the cash needs, are going to be higher than the markets are used to dealing with. We'll be in the market, helping to make that market function well. That is not us extending credit to provinces; it is us making sure the market works so that the market can absorb that borrowing as we go through.
By the way, interest rates have fallen a lot. It's true that provincial spreads have widened a little, and they've narrowed a lot since we just announced our program yesterday, but the all-in cost is not high. Interest rates are extraordinarily low for everybody. I don't see this as an expensive period for borrowing. As I said, it's more about market function and making sure that everybody can get their business done, and we'll be there to make sure that happens.