Madam Speaker, the heart of the crisis at the border was a balance sheet crisis where household balance sheets were decimated by the plunge, in some cases a 20% or 30% plunge in their core assets, which was their homes and their housing. We have managed to escape that balance sheet shock and the recent actions by the Minister of Finance have only ensured further prudence in that area.
In the House of Commons on March 4th, 2010. See this statement in context.