Taking timely, measured steps in that direction is the recipe for avoiding the more substantial, and potentially more disruptive, tightening that would be required later if monetary policy actions were unduly delayed. As the Canadian economy approaches full capacity, we will have to contend with the considerable uncertainty that surrounds the estimation of potential output.
The RFI will provide information on this issue, as we reassess the adequacy of public information and of the data available to the official sector for its own monitoring of these markets. Thank you. I would be pleased to answer any questions you may have.