I would just warn the committee members that the U.S. Fed is in a very difficult position right now. Given the credit market problems in the United States, the downturn in the U.S. economy, we likely will see the Fed funds rate fall probably by a percent over the coming year. That's going to put again renewed pressure on the Canadian dollar. There are some fairly well-placed economists in Washington who are warning that the U.S. dollar could fall by another 15% on a trade-weighted basis. That would put our dollar at $1.20 or $1.25. That's not out of the question.
So I think we've been focused on recent movement, recent volatility, but clearly the risk is on the upside going forward.