It's a real issue—there's no question—because there have been deferrals from CMHC, EDC and BDC, and I think every chartered bank and credit union has offered deferrals. That is an awful lot of payments that have accumulated and that have to get paid out.
I do think, looking at ourselves, that we will organize the repayments around those deferrals to make them less burdensome, but that said, it's still going to be an issue for the economy to deal with. When I've had conversations about this with some of our companies we deal with, they've recognized that they are going to be building up obligations to repay in the fall, but given the choice of the obligation to repay in the fall or to not pay any interest for the next six months, it was an obvious decision for them to make.
I think the collective deferral of payments was the right thing to do, but I think you're accurate in saying that it's going to lead to a challenge that we will have to tackle in the months ahead. I think each institution will do what it thinks is right. I know that we will be flexible and understanding—we get it—but I think you're right to put this as an important issue.