Before Christmas the Governor of the Bank of Canada and I sat down and set out our inflationary targets for the next five years. Those inflationary targets we did in a very short period of time, something that took the previous government two and one-half years to arrive at.
Those inflation targets are among the most disciplined of any of the industrial countries in the western world. They are a 1 to 3 target with mid-point 2. The Governor of the Bank of Canada testifying before the Senate the other day made it very clear that we are going to stay within those targets.