We rely on the chief actuary in the Office of the Superintendent of Financial Institutions to forecast for us whether there is an anticipated shift in that amount, either up or down. He is forecasting that for the foreseeable future the amount will stay roughly constant, so the proportion of loans we're writing off is not expected to change over time.
He did identify a small increase in default that he attributes to the recent recession, but he does expect that to be a blip and expects the number to return to its previous level. Because the number of loans that we disburse is going up on an annual basis, the quantum is growing, but the proportion of writeoffs is largely staying constant.