Again, let's be clear on the responsibilities that our Superintendent of Financial Institutions has for guaranteeing the sanctity of the Canadian banking system. As Canadians, we should be really proud that we have a safe and stable banking system. I have a lot of respect for our institutions, and I always will. Insured mortgages, by definition, have an insurance policy that backstops them. That creates a very different impact on our financial system.
On December 7th, 2023. See this statement in context.