Another special factor is the impact of the Ontario government’s reduction in electricity prices. Like the United States, these one-off factors account for roughly two-thirds of this year’s shortfall in total inflation in Canada. The bottom line is that the fundamental drivers of inflation, along with some special factors we can identify, can explain the recent behaviour of inflation reasonably well.
Certainly, for us at this juncture, it is not about  BIS Review 115/2006  1  looking backwards to convince ourselves of what we cannot do because we failed to do it before, but to objectively decide what we should do if we are to succeed.