Thank you very much, Mr. Chair.
Governor, thank you very much for making the time to be with us today. I have to tell you; I have a finance background. I studied economics and have two business degrees. Just listening to your testimony over the last little while, I've learned a tremendous amount already, so I thank you for your time and for being here.
I also want to say that I was reading your bio. If I'm not mistaken, you studied at Queen's and, you said, at the University of Western Ontario. You were also, of course, dean at the Rotman School of Management. I'm a Schulich grad, and I'm going to try not to hold that against you as I ask the remainder of my questions, if you don't mind.
The first question goes back to our current rate of inflation relative to those of our international counterparts. I'm wondering, Governor, if the rate of inflation we're seeing in Canada is unique to Canada or if it is a global challenge.