I would like to repeat one important point. The recent volatility of the Canadian dollar cannot only be explained by the fundamentals. That is very clear, as I stated in my answer to Mr. McCallum. The best thing the Bank of Canada can do is manage the inflation rate and try to ensure that it is low, stable and predictable. Trying to attain that goal is the most useful thing the Bank of Canada can do to reduce that volatility. As I said in my answer to the last question, it is important that the Bank of Canada continue to talk about and raise awareness of that particular point and its goal of stability.
