With $ oil, $ natural gas, $ coal, and $ wheat, the next one has clearly arrived. The question now is how to make good on that promise. This evening, I will concentrate on one aspect of the answer: how monetary policy can help to create the conditions that will allow all Canadians to benefit from sustained high commodity prices.
Incidentally, the international rating agencies are aware of this difference in definition and they regularly approach the Bank of Israel for our deficit figures according to the international definition. Concerning the definitions and budget targets I would like to add finally one other matter.