Thank you, Mr. Macklem and Governor Carney, for joining us today.
Governor Carney, yesterday the Minister of Finance lowered projections for government bond and T-bill rates until 2016. We have the Parliamentary Budget Officer's report which expects interest rates, Bank of Canada rates, to stay where they are until about 2015.
Are you concerned about what seems to be an emergence of a consensus that Bank of Canada rates are going to remain just about where they are for the foreseeable future, given your warnings to Parliament and to Canadians about rising personal debt levels?