Let me say yes, we were able to recover all the jobs, but if you look at the distribution of those jobs you can see that roughly one-third of all the jobs created during the recovery came from two sectors: construction and the public sector. You don't have to be an economist to predict that those sectors will not create too many jobs over the next twelve months. What we have seen is not only that the number of jobs is rising, but also that the quality of employment is rising significantly because those are high-paying jobs.
I predict that over the next six to twelve months not only will you see the number of jobs created in the economy slowing, because you will not have construction jobs and public sector jobs, but also, the quality of employment will go down. Therefore, I see income growth in Canada slowing in a very significant way. That's part of the reason why we believe consumer spending in Canada will not rise in a very significant way.