Thank you, Mr. Chair.
I want to ask three questions in three different areas: trends, risk assessment, and the arrangements you're making with the fishers now.
BMO said it has $142 million out there and RBC has $202 million. That's 5% to 6%. Can you tell me what the trend has been over the last six years? How has that number changed, gone up or gone down, over the last six years?
The second question is on risk assessment. You're on a 4.16 average now, as opposed to 5.75 in December 2008. How does that compare? How does that spread compare with the prime at those two points in time? I'm hearing from the forest industry that institutions will make them loans but that their risk premiums have gone up. A lot of people are concerned that you're willing to lend, but the risk profile is rising.
The third question has to do with the perception of local decision-making. You talked about bankers being armed with discretionary limits. RBC said the same thing—that lending decisions are made by bankers right in those communities. How do you counter the perception that those people will go into the local communities but that all the decisions are made in Toronto, Halifax, or the regional office, and they are just a small fish in a big pond?