Right, and banking rules, mortgage insurance, monetary policy and money laundering are all federal. So is housing inflation; here and now, under this government, some people are calling it “Justinflation”.
I won't ask you to comment on that, but do you believe that the fact that we have discouraged energy development in Canada—and also meanwhile flooded the economy with extra cash—may have devalued what would otherwise have been a stronger Canadian exchange rate and therefore reduced what would have been stronger purchasing power for internationally priced goods?