But the Governing Council has never discussed this. Bloomberg or Reuters screens … Let’s respect the competition! Anyway, I’m looking at the very latest indicators on our economic activity. Manufacturing in January was clearly declining in France, two months of slight pressure in Germany, with the mid-February PMI data also falling back a bit. Aren’t we levelling off now?
I'm pleased to be here with you today and hope to help your committee as it examines the impact of exchange rate movements on the Canadian economy. With me is John Murray, who was recently appointed as a deputy governor and member of the Bank of Canada's Governing Council.