That provides some clarification. Thank you very much.
Mr. Murphy, we heard—I think it was two weeks ago—from the Canadian Federation of Independent Business. Dan Kelly presented here and brought forth a really startling figure: In Canada, the average small business has taken on 170,000 dollars' worth of debt in the pandemic. That is even higher for sectors that have been especially impacted, like the restaurant sector, the tourism sector and the hospitality sector writ large. I know you're from the east coast, but we have restaurants throughout the country, and in London they're struggling as well.
On debt levels taken on during the pandemic, can you speak to what you've seen in the hospitality sector since the onset of the pandemic? Does the figure resonate as even worse in your case? I'm certainly not looking for anything in particular. I wouldn't expect you to have data with you, for example, but what are you hearing? What are the stories? Is it exceeding $170,000? Is it in and around there?
I think it's good for the committee to know where the hospitality sector is in your part of the country. It probably mirrors where the rest of the country is.