Thank you, Madam Chair.
I would note that the BCAP is part of a suite of liquidity supports that are available to businesses. It has been a little slower in the take-up in comparison with some of the other programs. The CEBA program, for example, has about $31 billion out the door, and the recent expansion is critical, particularly in light of the issue of loan deferrals that the member noted.
On the BCAP, there are two components. There's an EDC loan guarantee and a BDC co-lending product. The EDC loan guarantee is currently at about $1 billion in authorized loans, and the BDC co-lend is at around $750 million. A lot of that has been progress in the last few months, as companies take on these debt instruments instead of just the other liquidity supports that have been available.