Thank you, Mr. Chair.
Governor, thank you for being with us today. I congratulate you on your excellent work. The Bank of Canada is a really important institution. Its independence is highly valued. As we can see, your policies are starting to pay off.
I'll go back to what my colleague was saying earlier, as I would also like to understand Canada's economic resilience. I recently looked at the International Monetary Fund's report, which makes economic predictions for a number of countries. It notes that Canada, once again, will do better than expected relative to comparable countries.
You agreed with my colleague, but without explaining what makes us somewhat unique in this situation. What are the contributing factors? Is it the fact that we attract talent, or is it our natural resources, the stability of our economy or our AAA credit rating?
What explains us doing better than other countries?