That's a bit odd, Mr. Lemire.
Just for clarification...and maybe I need a little lesson here as well. I don't want your testimony to be taken as.... I want to make sure that we're clear. There is a liability transfer—is there not? When the bank has excess returns, it appears in the public accounts reported in the budget as a financial gain for the Government of Canada, and when there's a loss, that also appears in the public accounts through the budget.
I ask this only because Mr. McKinnon asked if there really is no impact. There is an impact on the budget in the public accounts when there's a loss or a profit. Is that right? If you all understood that, that's fine. I didn't quite hear that. I heard that it was kind of neutral and it just stays in the bank, but that's not accurate—is it?
