I'm going to pose my questions to Mr. Dufort, first of all, please.
I'd like to talk to you about the discipline of financial markets. Both levels of government—provinces and the federal government—as Madame Robson has pointed out, spend a lot of money. The provinces actually spend more. They raise more and spend more, yet there is much more debt at the federal level than there is at the provincial levels of government combined. That's partially because of discipline, because the provinces would have a downgrade in their debt rather quickly if they overspent the way the federal government overspends.
Do you have any comment on that?