Thank you, Mr. Chair.
First, I'd like to welcome the Governor of the Bank of Canada, Mr. Macklem, and Ms. Rogers, the bank's senior deputy governor. I want to thank them for appearing so frequently before the committee to answer our questions. Thanks to them as well for delivering a large portion of their statement in French. I thank them for that, as always.
For starters, I want to go back to the questions that my two colleagues previously raised regarding your October 25 statement suggesting that federal government spending is fuelling inflation.
Is that in fact what you're saying? Would you please tell us, considering the answers you've already given, whether that's currently the case?