Thank you, Mr. Chair.
I'll try to divide my six minutes equally. I'd like to direct one question, at least, to each of you.
First, Mr. Fairholm, I know you appeared before the finance committee last fall. I believe this was perhaps in the wake of fiscal update 2007, the fall economic update. You had some suggestions there about hoping the independent Bank of Canada would ease up on interest rates. I notice that they have done that—in fact, by a quarter point last week.
But you also touched on, even in your remarks today, the importance of this flexible wage-price scenario for the country. I wonder if you could just take a minute or two to expand on how important that is in terms of backstopping the dollar's strength here in Canada.