Well, one hesitates to be too precise about short-term movements in currencies, so I will not be. The level of our dollar is a product of numerous factors: our relative economic performance, relative fiscal position, the terms of trade. This is much broader, as you're suggesting, Chair, than just the price of oil. It bears reminding that the natural gas exports of this country are at least equal to or, depending on the day price of natural gas, in fact larger than our oil exports, and a huge source of investment in this economy as well. So it's a variety of factors on the terms of trade.
I would say that persistent strength in the Canadian dollar is a risk, an important...we've only identified two major downside risks to the Canadian outlook and the dollar is the first. It's something we watch closely. It could have an important influence both on economic activity and on the outlook for inflation, and the bank will set policy appropriately in those circumstances.