Absolutely. Thank you very much for that question.
Immediately after the U.S. tax cuts, quite a lot went into share buybacks and other types of things. I did find it interesting reading the commentary from the bank economists. These are people working for organizations that likely benefit considerably from tax cuts. A lot of them said that Canada should not follow the U.S. with rate cuts in those areas.
The economy is doing well. The economy is strong in the U.S. and it's strong in Canada. If you apply that extra stimulus at this time, it's not going to do much good. It's going to lead to more inflation. You also get the problem later on that if you have already done this—for instance, there's a lot of talk about full expensing of capital expenditures—you're not going to have that tool in the future, or you're not going to have that tool to apply in particular policy areas.
I'm skeptical of it, and I think most economists are skeptical of it, because when the economy is doing well like this, you don't keep pouring more fuel onto the fire in that way.