I'd like to move to unemployment. According to Statistics Canada, the youth unemployment rate was up 2.8 percentage points on a year-over-year basis in September. It's at 13.5%. This is more than double the overall unemployment rate, and it reflects increases among both young men and young women. It's up 3.7 percentage points to 15.3% with regard to unemployment among young men, and for young women, it is about 11.5%, so that's up by 1.8 percentage points.
Governor, what impact have the Bank of Canada's past interest rate increases had on driving this increase in youth unemployment across Canada? I'm wondering how that will factor into future policy decisions.