You might simply say that, yes. I mean, we obviously consult with private sector economists and the banks and the think tanks. We work very closely with the IMF and the OECD. The IMF has tabled their most recent World Economic Outlook. For seven of the last eight outlooks, they've revised down their global economic growth projections. This uncertainty is coming from Europe, to some extent south of the border in the United States, just in terms of how they regularize their monetary policy and rectify their fiscal situation. Then even further, obviously China isn't growing at the 10% clip that it was. It's growing in a more normal way—well, normal in Chinese terms—at a rate of 7%.
These types of external factors are playing in and weighing on Canadian domestic growth, specifically our export potential, as in who's buying Canadian goods, and Canadian in terms of trade, as in who's buying Canadian energy products. Likewise, companies are effectively sitting on cash because they're afraid to make new investments without a more robust global demand.