Mr. McInnes, I really appreciated your opening statement, and I appreciate the fact that you touched on fiscal and monetary policy not working together. That is the crux of our inflation problem.
This is also an issue with the carbon tax. As we know, we had the Governor of the Bank of Canada at committee recently. He said that if the carbon tax didn't exist, the inflation rate would be 3.2%, not 3.8%. That's one-third closer to their target.
I know the Liberals like to argue that it's one time only. The fact is that it's cumulative, which means that the 0.6% is gone forever. It's gone this year. It's gone next year. It's gone forever. That lower inflation rate would provide an opening for the Bank of Canada to consider additional interest rate reductions sooner, which would help with homebuilding. Would you agree?