I'll do my best.
The first thing is that the advantage of having our own monetary policy in Canada is that we can gear monetary policy in Canada to what's going on in Canada. The flexible exchange rate is the thing that allows us to have our own monetary policy geared for the situation in Canada. Inflation in Canada is a little lower than it is in the United States. We've not had to raise rates as high as they have.
Yes, that does have some implications for the exchange rate. The market, I think, has digested that rate differential quite well. I think the market is expecting a rate differential going forward. To a large extent, that's already built into the exchange rate, though on the margin, if the exchange rate does weaken, going forward, that will create more imported inflation. It's something we need to look at in our own setting of interest rates.