Lane said in his speech: "Another priority is to make sure that profits, including those derived from IP [intellectual property], can’t be shifted to avoid taxation." Sounds like a plug for Bill Morneau's tax measures to me. It is highly inappropriate for a central banker to weigh in on fiscal policies. The Bank of Canadadi has been disgracefully inactive on all of the things within their control that they might influence: fixing up the CPI excluding indirect taxes, the base for most of their core measures of inflation, getting mortgage interest cost out of the inflation indicator and so forth. And it seems that the devil makes work for idle hands.