I am going to ask you the first question that I would ask Mr. Carney. What powers should be given to the Bank of Canada so that it can accomplish two missions: controlling inflation on the one hand, and, on the other, keeping the value of the Canadian dollar somewhat separate from the value of the American one?
The Bank of Canada is telling us today that it can do nothing about the value of the dollar, and that it is only worried about inflation. If the dollar appreciates by 50% or 60%, there will not be a lot of inflation here. Canadian salaries are so high that people are starting to buy in other places, especially China, where the currencies are valued much lower than the Canadian dollar.
Let me give you an example. I am chairman of the board of Goodfellow Inc. in Quebec. We are not so much a sawmill as wood sellers. We even have a few manufacturing plants. Recently, we have bought our wood in the United States because it is cheaper than we can buy it here in Canada. The situation is quite bizarre. People are buying flooring for houses in China and having it sent from China in boxes, which takes two or three months. The price is better than if we used Canadian wood. And I can tell you that we have plenty of wood in Canada.