In previous panels you heard some estimates of the economic impact, on the part of the Bank of Canada, of the recent measures in terms of one-third of 1% over a number of years. At the margin these might lead to some reduced rate of growth in the country. That being said, these are very difficult. As they pointed out, we have very few historical precedents or any kind of tool to assess the economic impact of those measures. As they pointed out, there is quite a bit of uncertainty with respect to the economic impact at the end of the day.
On January 30th, 2017. See this statement in context.