The best hedge against inflation is to get inflation down, so that people could stop worrying about it. That is really our primary focus.
With respect to the Canadian dollar, the Governor of the Bank of Canada does not give investment advice. The Canadian economy is strong. Canadians can have considerable confidence in the Canadian economy. They can have considerable confidence in the value of our currency. Our financial system is very stable. It has weathered this pandemic extremely well. Our trade situation is reasonably good. For many of the goods we export—oil, wheat, potash—prices are high, and global demand is very strong. The Canadian economy is in good shape.
Bringing it back to our mandate, the Canadian economy can handle higher interest rates. In fact, it needs higher interest rates.