Thank you, Mr. Chair.
I would like to go back to some of the methodology and talk about used cars for a moment. The Globe and Mail reported that the CPI uses new cars as a proxy for used car prices. In the U.S., there has been a 40% increase, which has significantly increased their reading of inflation.
In Canada, Auto Trader has used car inflation at about 9%. An online platform, CarGurus, has it at 15%. I understand that it represents a reasonable portion of the basket, so I want to confirm whether we are using new car sales as a proxy, or if we have a good measure for used car sales in the CPI.