Thank you, Mr. Chair.
I certainly appreciate the conversation we've been having thus far. Obviously, the bank was established to ensure price stability and stable economic growth, so, again, there have been some changes in the way the bank looks at inflation. I believe that recently there's been different way of approaching it to see what indicators better track inflation over a longer period of time. Obviously inflation is up in certain areas, and yet interest rates have not gone up.
For the people at home, could you please reiterate why the Bank of Canada made its decision the other day, and why this new method is going to benefit Canadians?