I need to point out to Mr. Lessard that right now there is a surplus--or a fund, rather--of $3.7 billion, but it is a backstop to $291 billion in mortgages that CMHC backstops for Canadians, so relative to the amount that's been set aside to support Canadians through mortgage insurance, it's really a pretty small amount; it's just over 1%.
On December 3rd, 2007. See this statement in context.