We had come to the end of a year in which prices were low – that has an impact, as do – believe it or not – package holidays, which the Germans booked in December. Unfortunately, that does not happen every month, even though we are the world champions when it comes to travelling. And therefore...  Ok, but let’s stay with...
•  However, heightened volatility and persistent strength in the Canadian dollar are working to slow growth and subdue inflation pressures. The current strength in the dollar is expected, over time, to more than fully offset the favourable developments since July.