It's a great question. I don't work in the mortgage insurance area. I know they do stress testing of these kinds of things in order to assess our capital levels and I can try to get back with a more precise answer, but I share the concern that in an environment of rising interest rates and with mortgages resetting at higher rates, there is risk in an environment in which Canadians are heavily indebted. It's something we monitor. It's something we want to have a handle on.
On September 28th, 2023. See this statement in context.