Sure. I'll be brief because we've spoken at length about this in different venues.
We're conducting an extensive research program that is doing, if you like, a horse race among different monetary policy frameworks, one of which is the one we have today: 2% inflation targeting. Another example is a dual mandate, something similar to what they have in the U.S. that looks not only at inflation but also full employment, price-level targeting, among others. We have a set of clear criteria for choosing which one seems to be best, knowing, as the governor just said, that 2% has served us extremely well. Those criteria are how well they served Canadians in terms of stabilizing the labour market, stabilizing production and if they will stand the test of time in different kinds of environments, like the one we have today.
We're expecting to consult widely with Canadians. You'll start to see our research work out there. The objective is to have an agreement signed with the government in 2021.