Thank you, Mr. Chair.
Thank you to all of the witnesses. I enjoyed hearing your various comments and testimonies.
I'd like to ask Mr. Moody a few questions. You indicated in your opening comments about the size of the budget—724 pages—with this bill being 366 in all, how extremely extensive it is and that to give it an adequate study it would take a lot more time than what we're doing.
You also talked about inflation, and I've had the same experience you've had. I know that when I go to the grocery store groceries cost more. They're telling me a sheet of OSB for building houses was $8 a year ago. Today there's a limit on it at $80 a sheet. A homebuilder, on the weekend, told me it costs an average of $40,000 more this year to build a home than it did a year ago. RVs and autos are more expensive. Housing and even the cost of everyday goods and services have seen, for the most part, a significant increase. We know that inflation is happening, and we know when inflation happens interest rates are going to increase.
Have you done any calculations as to what size of a rate shock Canada can afford on its debt?