Mr. Richie Boucher:

There is a combination of factors involved. We go right through the CCMA process to the end. If we consider the way the mortgage book has evolved, there was a spike in the number of defaults and we restructured as many mortgages as possible. Inevitably, however, in view of what had happened to the economy and a range of other factors, the issue began to manifest between 2009 and 2011. There is a factor in that regard.