Thank you, Mr. Chair.
There was an article in the Financial Post today comparing the monetary policy of the Fed, which is the U.S. central bank, to that of the Bank of Canada. It covers a number of topics.
The article states that the recently announced lower immigration targets could slow down inflationary pressure, particularly with respect to housing, but they could also slow growth. Have you had time to factor that in?
The article also mentions that this could encourage you to further lower interest rates. The article talking about another half-a-point decrease in your next announcements. In December, are you going to lower rates by half a point?