While it is still early to draw conclusions, generally we are very pleased with the way fixed dates are working and with the positive reaction they have generated. We have already seen more focused public commentary on the Canadian economic situation, and that is extremely encouraging.
It is also true that in the course of the last two years countries with currency board arrangements experienced almost 50% higher inflation and lower economic growth than countries that were implementing active monetary policy and the floating exchange rate (check what Jürgen Stark said on this issue).