And Scott, I think I'm going to start in a similar place with you this morning in terms of the questioning. Starting I think on the macro side and the big changes that we've seen in interest rates and it's a bit -- I think it's going to be a little bit more nuanced...
There are also concerns about the Canadian housing market and how a combination of high prices in major cities and increasing mortgage rates might impact the banks. The reality is that Canadian mortgage rules are different than in the US and as a result Canadians tend to have much higher equit...