We haven't provided you analyses on the trade balance. But the analysis we've provided to you today will imply that we will get weaker export growth. In this weaker external environment, I think this is implicit in all the downward revisions of forecasts. So we'll have less contribution growth over the short term from net exports. I think that's pretty much true. It's certainly true for Canada and it's going to be true for other countries as well. I think it's just the impact of the global slowdown.
On November 2nd, 2011. See this statement in context.