Yes, I think we probably could have skipped the September move, but that's not significant. That was only 25 basis points. I think the message from here on is that we cannot deviate from the Federal Reserve in the U.S. in a very significant way. I think in the past it was a mistake. I think if we continue to raise interest rates at this point independently of the U. S. Federal Reserve, that would be a mistake again. So our call to the Governor of the Bank of Canada is to basically stay in neutral at this point, and to wait until we see the situation getting a bit clearer before continuing to raise interest rates when the economy is giving us the green light. I don't believe the economy is currently giving us the green light to continue to raise interest rates.
On October 4th, 2010. See this statement in context.