In our submission to Finance, we pointed to specific data that shows the benefit of shopping around, in terms of the interest rate you are going to pay. When you have the ability to go to different institutions and say, “Do you want my business?”, you're going to get competition. I'm sorry that I can't remember off the top of my head what those basis points were, but it was a certain number of basis points for which studies have shown you'll pay less in terms of mortgages.
On April 18th, 2024. See this statement in context.