We're all very well aware--in fact, this committee has spent quite a bit of time recently talking to different organizations from across the country--of the impact of the Canadian dollar vis-à-vis the U.S. dollar. Many countries are experiencing some turbulence in their monetary markets. We saw the credit crunch in the U.S. due to those subprime mortgages.
I was interested in your view, in your present position--and I respect that you're speaking today as an advisor to the governor--of what the Bank of Canada's role will be in the future, if you can explain it to us, in dealing with this issue. We realize the Montreal proposal is helpful, but where do we go from there? You comment about a wider range of securities in dealing with things like this, so could you share that with us, please?