Thank you for the time.
Maybe you can get back on the list, John, and get your question answered.
I have a couple of things. When I think of the Bank of Canada, and when most people on my street think about it, they think about the inflation rate and what you're doing to keep interest rates at such a level--moving them up and down--to control inflation. It's as simple as that. That's how they view it.
We've been talking about immigration at this committee, as part of the budget bill, and the issues in terms of labour shortages that may be coming to Canada in the future. Could you give me your view on the labour situation in Canada, short term or long term, and what that could do in terms of the cost of doing business, which then turns into the cost of the product, which then drives numbers up, which would reflect in the rate you would charge banks to loan money?
We're naturally concerned about the lack of replacement labour we're going to have and that we have to use the immigration system to find that replacement labour. I'm not sure if that will drive the price of labour up in the short term and long term. How big is that in the long view, and does that play a role in your thinking at the bank?