Of course.
That occasion in December was when we published our financial system review, which is a biannual exercise. The next one is in June. It's absolutely true that a major risk that we face is that indebtedness in households is at the highest level ever and is continuing to move higher. This is closely associated with imbalances in the housing market, because indebtedness is incurred primarily to buy houses. We are confident that the moves made by the federal government, in about the same time frame, are having the desired effect. That means that people are qualifying for mortgages at a higher interest rate now, and therefore have more of a cushion in their financing plan, should there be either an interruption of employment or a rise in interest rates. There is more resilience in the system, and a growing amount as each new bit of debt is subject to those higher criteria. That's the primary change that's been made.
From the Bank of Canada's standpoint, our primary mission being inflation targeting, that implies bringing the economy back to full capacity. That causes more jobs and income growth, which improves the denominator of the ratio of debt to income and makes the whole situation less risky.