There's no question. The resource sector, the oil and gas sector, is a big part of Canada's economy. As Governor Poloz and Senior Deputy Wilkins have highlighted on a few occasions, the Canadian economy is getting a double whammy. There's the COVID crisis, but we've seen a dramatic drop in both the price of oil and the demand for oil, and that is certainly affecting incomes in Canada, particularly in our oil-producing regions.
We have seen some rebound in the price of oil. On the WCS, the Western Canadian Select, the spread relative to the WTI is actually unusually small, so that's good news. Having said that, oil prices are still well below where they were, and the reality is that global demand for oil is probably going to be lower than normal for some time to come. It's probably going to take a while to work our way out of this, but yes, that is an important element of the Canadian economy.