The level of international coordination has been quite high. The G7 and the G20 have been meeting regularly. This morning was the big IMF meeting, which is, of course, most of the world.
What you see is a lot of commonality across the fiscal reactions, at least in the types of tools that are being used. As I indicated earlier, I think there has been a high level of sharing. Even though it feels as though it's happening all at once, it has been a bit sequential, so it has been possible to talk among various countries as things unfolded.
I remember—it seems like a long time ago—talking to my colleague from Italy as it was just getting under way and having those insights then, which, compared with Canada's timing, was very far in advance of it. It's the same thing with South Korea. I know the governor there very well. As for China, we got great insights from the governor of the central bank of China along the way, before anybody else was really affected. That's been great, and certainly the central banks have coordinated even harder than that.
Frankly, we've been spending almost the entire week in crazy hours on Skype, meeting in the way we are doing now. I started at six o'clock this morning with my first meeting, and that's just because of the time zones.
I think we do have a sense that we're all in this together, and I think it does matter a lot to our outlook. You raise a good point, which is that it's sequential, and therefore, the recovery will also be sequential. As an important exporter, we know that our foreign counterparties will be going through it at different times, so it's not that we're going to have a simultaneous recovery, and that will affect commodity markets in the longer term. That's why I said that oil and other commodities might take a little longer to get the full benefits of a recovery.
I hope that answers your question.