I'm going to ask this of Mr. Facette and then Mr. Silveira.
The Bank of Canada has been really bothering me for a couple of years. I know that tomorrow we're going to have an announcement on the interest rate. There are many discussions that the Bank of Canada went too far on the raising of interest rates.
What really has me bothered is the mandate of the Bank of Canada, which is part of the government's jurisdiction. The finance minister sits on the governance model for the Bank of Canada. We're continually told that the Bank of Canada has one tool, and it's keeping inflation stable. That's it. The Bank of Canada Act does not talk about people and the impact on people. It's to protect Canada as a state.
Unfortunately, the Governor of the Bank of Canada refused two invitations to this committee. He didn't come and doesn't think that housing has anything to do with him. I would like to see some modernization.
You mentioned, Mr. Facette, that the workforce is modernizing. It has a different thought process and a different culture. I really think the Bank of Canada needs to do the same. I'd love to hear your thoughts on what the Bank of Canada should be measuring in the modern economy and how it can help get homes built.