As you're aware, there's a lot of volatility when it comes to exchange rates. We've estimated that in the first quarter of this year adjustments in the rate of exchange were more or less in keeping with the movement in commodity prices and the strength of the Canadian economy. Over the last two or three weeks, we have seen some volatility, and it is hard to comment on this. We'll have to wait and see what happens over a longer period of time. What we can say is that during the first quarter, the movement observed was more or less in line with changes in our economy and world prices.
On May 1st, 2007. See this statement in context.