I guess something I'm interested in a little bit is that the federal government did much of the heavy lifting through the past two and a half years in COVID. We're seeing many surpluses in budgets right across the country. Their credit in many of these provinces will allow them to borrow more next year and maybe more the following year.
How do you measure that going forward? How do you foresee that in your forecast on what will transpire as far as transfers and things like that?
If they spend based on this year's income because of the federal contributions through the pandemic.... I guess if the bond writers are basically looking at them and allowing them to maintain their level of achievements and then they go out and spend more the next year or the year after, we're going to see another decline. We will be sitting back at this table again talking about transfer payments not being enough, possibly.