I'm going to repeat what I've already said. First of all, in the context of putting together our updated projection for the Canadian economy, we had built in a fair degree of easing on the part of the Federal Reserve, indeed easing beyond what they had announced the morning of January 22, which was the day we were making our own announcement. In our base-case projection, we had built in a considerable amount of easing on the part of the Federal Reserve, feeling that that was an important ingredient to get the U.S. economy moving forward, which we do have beginning in the second half of the year and into 2009.
As I noted earlier, in our base-case projection, we have assumed a level of 98 cents for the Canadian dollar. Again, the relationships here are not very precise, but were the Canadian dollar to move to a range that we felt was outside what historical relationships would support, and were it to be sustained at these higher levels, clearly we would have to factor that into our thinking in terms of the impact of that on the Canadian economy through output and inflation.