Thank you for the question, because it is an opportunity to clarify what I said.
It's not the Bank of Canada's job to tell businesses what they should pay their workers. It's not the Bank of Canada's job to tell workers what wage they should work for. But it is the Bank of Canada's job to control inflation. What I said last summer, last month and last week to Canadian workers and to Canadian businesses is that Canadians should not expect inflation to stay where it is now. My message was not to plan on inflation staying where it is now, but to plan on inflation coming down. We have taken forceful actions. The forecast I outlined has it coming down to 3% by the end of next year and 2% by the year after.
There are probably going to be new shocks. There will be new curveballs along the way, but our message to Canadians is that we are resolute about getting inflation back to our target.
With respect to the second part of your question, on corporate profits, as I responded to the previous question, when your economy is overheated and you have these inflationary pressures, there are a number of dimensions to that. Part of it is the labour market. As I mentioned, the labour market is very tight. Another—