Good afternoon, Mr. Garon. Thank you for the question.
When we look at the exposure of major Canadian banks compared to international banks, Canadian banks are much more exposed when it comes to loans to the industry, and they also hold industry assets in their asset management portfolios.
The oil sector in particular is very volatile right now, as is the gas sector. Since the conflict in Iran began in February, these companies have been raking in record profits. We're talking about three times their normal net profits. If the price per barrel were to remain at the current level, which is around $100, throughout the year, Canadian oil and gas companies could see record profits of $90 billion, but—