On that point, it used to be that the Canadian dollar to the U.S. would be about a penny to the dollar of the oil price. If oil was at a hundred bucks, you'd have parity. If oil was at ninety bucks, Canada's dollar would be at 90ยข. That linkage has been broken, and we're no longer increasing the value of our dollar as oil prices go up, which means, of course, that when we buy internationally priced goods that end up on our grocery shelves or in our living rooms, we have a weaker purchasing power with which to do it.
Do you agree that this might be one of the reasons why Canada has 30-year highs in its inflation?