The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: I won't ask that many questions because we got you coming to our conference at the end of the month. So -- but I'll stick with the mortgage topic
here. And good to hear you're highlighting some of the changes that you're putting into place. And -- but just on the quarter, what we saw can
you quantify the prepayment penalty benefit? And can I connect the dots in such a way that you have prepayment, but your mortgage balance
sheet went down? So that's people that are leaving the bank, is that they're going to somewhere else to get the loan? Is that kind of the phenomena?
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: Okay. And then like a trend...
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: Okay. Great. And just the -- switching over to the commercial side of the business saw some growth there. In floor plan -- or I guess, equipment
finance or inventory finance, sorry, is that an indication of some of the supply constraints diminishing and your dealers are close to the normal.
And what the outlook would be for the rest of the year in that business? And then I guess, CRE, in particular, multifamily project lending has been
growing for the last few quarters. Can you tell me is that condo development or what?
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: Okay. Low rise of 4 units or 5 units or something like that, just trying to -- just trying to measure.
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