Finance committee  Throughout our projections, which are based on energy futures, it looks as though—and I'm just looking at the table—on average it's about $5 per barrel higher in U.S. dollars.

Finance committee  That's a projection. I can't comment on the historical behaviour. I don't have it.

Finance committee  We haven't done that analysis.

Finance committee  Maybe the only thing I'd add is that we're projecting that real house price gains will average 1.5% over 2018-22. While this is positive, it's well below the average of 5% that we've seen from 2010-17.

Finance committee  There are two major fiscal developments. There is the Tax Cuts and Jobs Act that was passed into law on December 22 last year, then there was also the Bipartisan Budget Act that came into force on February 9. For the former, with respect to the tax cuts, we've taken an estimate

Finance committee  I think that over a long time horizon this would be something we'd monitor and maybe become concerned about if the private sector job growth were not strong. One thing I'd caution about regarding six months of monthly labour survey data is that it is quite volatile and subject to

Finance committee  Yes.

Finance committee  We haven't done a deep dive into why that is the case or why there has been—

Finance committee  We're in the process of working on a labour market assessment report that is possibly slated for this summer, and that's something where we actually go into a deeper dive on things like private versus public sector job creation, or the composition of the flows to and from the une

Finance committee  In terms of our economic model, when U.S. interest rates increase, and particularly those at the long end, like the 10-year rate—and of course those are influenced by expectations about what the Federal Reserve will do—they have a direct influence on household rates and business