I will shift around the globe a bit.
New Zealand has raised interest rates, the first economy to do so in a couple of years.
We've seen the U.S. rates being zero. First the FOMC, Federal Open Market Committee, was saying that they're not going to be increasing rates until inflation goes above 2.5% or unemployment goes below 6.5%. We have now seen inflation around that figure. We've seen unemployment at 6.7% in the United States, and now they're looking at other economic indicators in whether they are going to be increasing interest rates.
There has been talk now of these series of dots that appear on a chart; you've read all about that. How much of a problem is that for these projections, with the Fed going to be shortly stopping buying bonds, and how much of an effect is that going to have on our situation here in Canada? How much pressure is that going to put on you to increase rates here in Canada, if at all?