Before I go any further, let me just underline that I am here as the Governor of the Bank of Canada to talk about our outlook, monetary policy and the actions that we're taking. It's not my role to comment on the government's budget and the individual measures. What I am prepared to talk about are the implications of fiscal policy for monetary policy. We take federal and provincial budgets, and we build those into our own projections. Certainly, over the last year through this pandemic, the fiscal supports from the federal government and from provincial governments have been instrumental in supporting Canadians. As I underlined in my previous answer, while we still have a considerable way to go, this combination of fiscal and monetary policy is working.
There is a range of measures in the budget. The budget came out, obviously, two days before our monetary policy report, so we don't have every detail in there, but from a macro perspective, we have included the essential features of the federal budget. That is built into our projections. The support that is provided in the budget is built into those projections.