Mr. Speaker, of course we do not take action without being aware of the general implications involved. Perhaps my answer to the hon. member for Oxford might have been a little bit more forthcoming than it was. The effect on monetary policy, if any, was so little that it was not a factor in the decision. If my answer was not that clear, I must apologize for it. But I am quite sure that the effect on the monetary policy was such that, as I say, it was not a factor in the decision which was made for other reasons.
Subtopic: BANK OF CANADA