We say, first, that we will conduct our policy to provide the maximum certainty on inflation. That policy consistency reduces overall uncertainty for that manufacturer. It reduces borrowing costs, cost of capital in this country, which helps.
Secondly, we would say that movements in exchange rate do provide important information about where economic forces are going and provide important signals. They also provide, as Mr. Bernier referred to earlier, some advantages in terms of capital investment and otherwise.
All things taken together for the economy as a whole, and that's our job and yours as well to think about, it is our clear view that the advantages of a floating exchange rate, combined with a credible monetary policy framework—that's crucial—far outweigh the perceived advantages of a fixed exchange rate.