Human Resources committee  I'm not sure that is true. We will address that question in writing.

Human Resources committee  I'm very happy to do that.

Human Resources committee  I'm happy to respond to that. Thank you, Minister. Thank you for the question. No decision has been definitively made to rebrand the company. In fact, we have not been using public funds for that purpose. We've been using internal resources—no external resources. It's meant t

Human Resources committee  We do compete with private sector companies in the insurance space. Just as other public sector entities—museums, the EDC, the BDC—have rebranded themselves, it's an appropriate way to present ourselves to our client base, we believe.

Human Resources committee  No. Again, as I said, that's about reinforcing our strategy and the policies and the client-driven activities that we are pursuing because of that.

Human Resources committee  I'm sorry. What's the question, sir?

Human Resources committee  Yes. Despite the COVID-19 pandemic, I can tell you that 9,500 applications have been approved, representing about $173 million, as of September 2020.

Human Resources committee  That's a decision for the government, sir.

Government Operations committee  In response to your question, we've actually staged the rollout of this program deliberately. We've held back large landlords, with their understanding, and we're working with them proactively so that those can funnel through. This program was actually established in record time

Government Operations committee  We are concerned about the volume of mortgages. I was trying to get the number for you, but we don't have much time. We'll get you some numbers. We're concerned about that now. Deferred mortgages don't necessarily mean that they will go into arrears or result in claims, but the

Government Operations committee  Mr. Chair, if I may wish Ms. May a happy birthday, I will do that too.

Government Operations committee  Well, it is procyclical, as economists would say, but the net benefit is positive. The alternative is to put people into houses with effectively 1% equity after mortgage premiums, with house prices falling, we estimate, something in the neighbourhood of 9% or more, and that feels

Government Operations committee  No, I.... We'll monitor the market, as we always do. We think this is responsible risk management. We have put it in place now. We make changes from time to time. We'll continue to monitor how markets develop.

Government Operations committee  Thank you for the question. It's an important one. Of course, even mortgage insurance is supportive of demand. The first-time homebuyers program was meant to be a replacement for mortgage insurance debt with a form of equity so that prospective homeowners, first-time homebuyers

Government Operations committee  The difference, of course, is the form of debt support versus equity support. The changes we put in place were to avoid excess borrowing in support of house prices, which of course the first-time homebuyer plan is not. I don't see the conflict, no, sir.