I'd have to think about whether it would be a legislative change, but I would have had to effectively insert myself into administrative decisions that were being made by EDC over the course of the administration of the program. Now, I do want to say that we were engaged with EDC as the program rolled out, so we were aware of the expenses that were going on. In the end, we feel quite honestly that the level of the administrative expenses is quite reasonable. It's certainly, we think, under 1% per year for delivering loans of that value, which is quite reasonable in the context of the cost of other programs.
On December 9th, 2024. See this statement in context.