Thank you very much, Mr. Chair, and thank you to our witnesses for coming today.
My NDP colleague, Mr. Blaikie, actually asked what were a number of my questions, so we'll have some additional ones here that I hope we can benefit from.
I have a question about how the mortgage market operates. When CMHC changes a premium rate, are you obligated through regulation or otherwise to also change your premium rate, or do market forces require you to change your rates in the same fashion?