Thank you, Mr. Chair, and thank you to the witnesses for being here today.
My first questions are for Mr. Gregory at BMO.
During your opening address, you talked about “record-high household debt burdens”. We know that CIBC has said that one in five of the mortgages they have in their portfolio are in a position where the borrower's monthly payment is not high enough to even cover the interest portion of their loan. Do you happen to know if you're seeing similar numbers at BMO?