Thank you.
Some Canadians have the impression that with the interest rate now approaching zero, monetary policy has become powerless. I know that monetary policy is not necessarily powerless, because the central bank can acquire assets like corporate bonds and commercial paper market--direct actions of that kind. I know you've started on that path.
I'd like you to perhaps reassure Canadians that monetary policy is not totally weak or powerless, and describe the nature of other things monetary policy can do and additional measures you could do if necessary.