Our model uses the U.S. as the main external economy affecting the Canadian economy. In general, when we are doing the forecast, we take into account the overall global picture. We normally look at the IMF World Economic Outlook to see what kind of a projection they have for the rest of the world. That certainly would come into our projection. It would affect our judgment of how the two are related.
On October 29th, 2013. See this statement in context.