Thank you for that information.
I would like to pick up on some of the conversation you had at the Senate committee with my colleague Clément Gignac. Although he is a senator, I can certainly see that he has other qualities. He pointed out that, up until the pandemic, your monetary policy and that of the U.S. Federal Reserve were pretty much in sync, but since the pandemic, we have seen a growing gap between the Canadian economy and the U.S. economy in terms of core inflation indicators.
Please tell us again about the possibility of having a monetary policy that differs from that of the U.S. Federal Reserve and explain how you take account of interest rate variations in that analysis.