The flip side of that, of course, is that if the Canadian dollar were viewed as trading above what you thought was reasonable, that would have negative consequences for the Canadian dollar and it would clearly be something we would have to take into consideration in setting monetary policy.
So you come back to the key issue of asking yourself why the Canadian dollar is moving, what are the factors behind it, what are the implications for the Canadian economy, and then factoring all of that into your decision-making.