It's one of the issues, which means there is a weaker demand from the U.S., all things being equal, than there would be otherwise. In Canada it is one of the aspects of the slack in the labour market. It is still considerable. It is consistent with a substantial monetary policy stimulus. It's one of the reasons interest rates are 1%, even though our financial sector is firing on all cylinders. We have other issues with household debt and other things that you're well aware of.
On February 12th, 2013. See this statement in context.