Thank you, Mr. Chair.
Ms. Bowers, in your previous conversation with Mr. Baker, you said that the $500-a-week CERB benefit played an important role in avoiding defaults in the mortgage industry.
Since the CERB, the government has reduced the amount of pandemic benefits by 40% to $300 a week. In the fall, it substantially restricted access to those pandemic benefits to workers within certain industries and it restricted access to the wage subsidy.
In the context of the omicron wave, when a lot of people are having a hard time making hours or reporting to work, do you think that the reduction in benefits and the access to those benefits poses a higher threat of default in the mortgage industry?