It's great to have you both back again. It's always great to have you. I always find the conversation so productive and thorough.
Governor, you said, “there is little evidence that higher oil prices have fed through to other goods and services...more broadly”. I'm quoting from a CBC article, but you also said that today.
What signs should we be looking for as to whether that spike in oil prices is taking broader hold? Can you enlighten us on what we should be looking for as signs and indicators of that?