I would like to welcome Mr. Carney and Mr. Macklem.
I would like to go back to comments that you made last week regarding the possibility that the Bank of Canada may use interest rates to deal with household debt, and mortgage debt in particular. You commented on this possibility, but the next day, or shortly thereafter, you backtracked. I would like you to clarify the Bank of Canada's position on what action it may or may not take with respect to household debt.
I have a second question on the same topic. If taxes are the most effective tool that the Canadian government has to deal with household debt, particularly mortgage debt, should the government and the Minister of Finance be more aggressive and make it more difficult to be eligible for a mortgage, should you feel that this issue is still troubling or worrisome?