Thanks very much, Chair.
I'd like to ask Ms. Mulholland a question. The Canadian Lenders Association has made claims that reducing allowable interest rates will leave consumers without options when they are short on cash, yet Easy Financial's latest annual report shows, I would point out, that they've reduced the weighted average interest rate from 46% to less than 33%. They are strategically increasing their presence in Quebec, which has a 35% interest rate cap. Goeasy, which is Mr. Mullins' company—Mr. Mullins is with the Canadian Lenders Association—has done the same.
In your view, doesn't this point to the ability of lenders to simply adjust their risk tolerance rather than limit access to credit?