Thank you, Mr. Chair.
Thank you to all our witnesses this afternoon. It's nice to see you before the finance committee.
EDC has commented on some short-term trends and challenges faced by retailers as a result of COVID. These include a rise in U.S. retailers declaring bankruptcy, limited liquidity to produce next season's merchandise and a decline in demand for consumer products. So far, we've seen a number of short- to medium-term solutions for businesses through and including the BCAP and CEBA loan programs.
What long-term challenges might continue to exist following the crisis, and what role can EDC play in providing these long-term supports?