Thank you, Mr. Chair.
Thank you to our witnesses.
I know that neither of our witnesses is in the business themselves, but there was some reference made to the annual reports of some of the companies that are engaged in instalment loans. I'm just wondering if the witnesses have a sense of what margins those companies are making when we're talking about profit. I know you said that they're making more profit. I wonder if you have a sense of the margin.
If not, that's all right. I know we're going to be trying to talk to those companies as well as per the discussion at the beginning of today's meeting, so we'll be happy to get some of that information from them.
I do have one more question along those lines. If you don't know the answer, that's all right. As I say, we'll be talking to them as well. I'm curious to know what the bad-debt level for instalment loans is, in terms of loans that they make that they don't collect on.