I would say that the dollar is what it is. No one, certainly not us, pins an industrial strategy on a weak currency. We know historically that countries that have tried to purposely depreciate their currency end up with a higher inflation rate. It doesn't pay off. As a company, if you have a lower currency, that sounds like a good deal until your costs are rising in the background and it just offsets it. It doesn't help you.
For us, the dollar is driven by markets. I just remind you of my favourite chart. There is no doubt at all about the main actor in this story: there’s just zero doubt in this. What we have to do is take it as it is. No one around here can influence the global price of oil. For about 25 years or thereabouts oil has been significant enough in our economy that this becomes a key driver of our currency.
So what we have to do is take that as a given. That means there may at times be adjustments within the Canadian economy that are costly, slow us down for a while, but when they're over then we pick up again. Sometimes, like now, we expect they're going to speed us up, especially in sectors that have been in difficult times since the dollar started to rise so much due to the oil price.