Thank you for your question.
First, the bank has observed that there is presently heightened tension in the currency markets, that is clear. The global economy is in a difficult process, which is that economic activity and economic demand are being transferred from advanced countries to emerging countries.
There was another part to my sentence in which I said that the easy part is over, and that is that the economic drivers are being transferred. The government is not the driver anymore. Nor is it the easy activity generated by Canadian households, for instance, but rather investment and net exports. You are right, the situation is more difficult now.
As a result, there is heightened tension in the currency markets. The Bank of Canada and the Government of Canada are both keeping their options wide open so they can, if need be, manage the situation. What is important is that the Canadian dollar remain strong, because a strong dollar might have a considerable impact on economic growth in Canada.