Thanks, Chair.
Governor, you, your predecessor David Dodge, and even the current finance minister, Chrystia Freeland have all said in your own ways that government spending increases demand above supply. In other words, it fuels inflation.
Since March of last year, you've had to raise the rates 10 times, from 0.25% to the 5% we see today. That's an 1,800% increase. The IMF has also warned that Canada's most at risk in the G7 for a mortgage default crisis. I want to know if that's something you're concerned about, as well as the default crisis.