My next question is going to be about the process, if postal banking was a solution.
By 2026, we expect Canada Post to have a $700-million shortfall accumulated. This committee has heard that 7% of Canadians told them that they would use some type of postal services through Canada Post, and 11% of businesses said they would use it, but it comes with investing a large amount of financing to get Canada Post up to speed. It would require capitalizing the banks, because to take in deposits you need to have a float. In the case of a payment bank in India, they took $500 million to get it started like that.
You require chequing, cash, reconciliation, compliance, training, licensing, money-laundering controls, on-site security, and SAP software to get it started. It's a large investment.
Do you think it would be a wise investment for Canada Post to get it there, or maybe instead use that money through a different government program or institution to attract banks and credit unions to open branches in smaller communities?