It's a lot for six minutes, but let me try to go at it quickly.
I'm very pleased with the renewed mandate of the Bank of Canada. The renewal in some sense really reflects the success we've had over the last 30 years. It also clarifies the role of employment in our framework. I would stress that the economy has to be at full employment to keep inflation at target. If we're below full employment, the economy is missing jobs. It's missing wages. That means it's missing spending. That means inflation is going to be below the target.
One of the things I like about the new agreement is that it is clearer about that. It is clearer that we have a role to play, consistent with achieving price stability, in supporting employment. It's clear that our primary objective is price stability.
Also, as part of the agreement, we indicate that we will be providing more analysis of labour markets. We've already started that. If you look at our last monetary policy report, actually, you'll see an extensive discussion of a very wide range of labour market indicators. We are using those—not just the aggregate ones but also the inclusiveness of the labour market and the characteristics of jobs, such as the hours worked and the wages—as a way to come to that overall assessment of how much slack is in the economy.