As Ms. Bourgeois said, it is important to assess risk. In a recent report, an economist in my office assessed risk and designed a way to quantify it within the forecasts.
When you look at the history of the tools we use for economic projections in the private sector and fiscal projections, you realize that there is a great deal of risk. Minister Flaherty, like the IMF, indicated that the European and U.S. situation, the exchange rate and the Canadian debt could certainly point to negative risks. And whenever we talk of negative risks or structural deficit, it is not a good sign from a fiscal standpoint.