In terms of our economic model, when U.S. interest rates increase, and particularly those at the long end, like the 10-year rate—and of course those are influenced by expectations about what the Federal Reserve will do—they have a direct influence on household rates and business borrowing rates.
What you're talking about is higher rates on Government of Canada securities. That is also how our public debt charges are modelled, and the government would pay a higher interest rate. However, we haven't done any work necessarily on global capital markets, and whether we would expect to be—