Mr. Speaker, as colleagues in the House will remember, in the budget we announced that we would be seeking a replacement for the deposit. We have been working with the provinces and the industry to move forward in this respect.
We look forward to a federal-provincial meeting in July and to having further discussions, but I am able to announce today that we have achieved an agreement with the provinces and that all CAIS money presently on deposit will be available for withdrawal. This will provide over $600 million available to producers.