We can't predict the future when we set pricing, and we set that pricing in anticipation of a business cycle over the life of a mortgage, which could be 25 years. On average, it's about seven. In fact, in our annual report, we publish an alternative view of the world that could result in a downside scenario. This is in addition to our stress testing. We've had an extended boom time in economic cycles. In hindsight, it is true that if the economy is consistently growing, the presumption associated with the insurance premium de novo—at the beginning—was too high. The proceeds have gone back to the Government of Canada, and in the case of our private competitors, to their shareholders too.
On April 30th, 2019. See this statement in context.