And to the extent that the recent depreciation of the Canadian dollar risks affecting consumer and business confidence in Canada, it is clearly not helpful for our economy. Furthermore, at this juncture, it is certainly the case that the economic recovery in Canada does not hinge on the current low levels of the Canadian dollar against its U.S. counterpart.
BIS Review 8/2002  1  Let me sum up. There is a good chance that when the final national accounts data for Canada come out, we will see positive, albeit modest, economic growth in both the last quarter of 2001 and the first quarter of this year.