We wanted to make sure that we first had a set of options that we could present to Canadians which they could opine on. The first step was to study what was going on around the globe, what other options we could look at that were appropriate for Canada. Every country's geography, culture, and communities are very different. They have evolved as part of their history and part of their evolution. We needed to present those options. The first thing was to come up with a set of options that could form the basis of a broader discussion. The Conference Board did an independent study to review what the potential losses could look like if nothing is done and what potential options—
On December 18th, 2013. See this statement in context.