I'll make a couple of comments on that. Thanks for the question.
First, you are correct, the headline inflation in Canada is 1.5% on total and slightly less on core inflation. In the report--I won't use up all your time going through the details--we have illustrated some adjustments that would suggest that the trend of inflation is closer to 2% right now, because there have been some one-off effects with the GST cut and some things that are happening in the price of automobiles. That is actually our target.
I would stress that--this is my second point--our target, as mandated, is 2% total consumer price inflation. We care as much about inflation being below the target as above the target. That's part of the reason we're reacting when we see some of the softness.
The third point I'd make, though, to answer your international comparison question, is that a number of our peers internationally are seeing much stronger impacts from food price inflation and from commodity inflation, and that is influencing, obviously, their conduct of monetary policy.
I'll leave it at that.