Thank you for the question.
It does so very directly. I think two of the challenges that Canadians are facing in their lives today most directly are housing and the cost of everything else they need for their regular life. This bill addresses those very specifically.
On housing, we had a good conversation with MP Blaikie and with MP Ste-Marie about the GST. That is very clearly a measure that has already increased the number of rental units being built in Canada.
I'd like to elaborate a bit on what Mr. Blaikie and I spoke about. We definitely believe we need to put measures in place to encourage specifically the construction of affordable housing and to be sure that affordable housing stays in that space. However, we also believe a big part of the housing challenge is supply. Canada has the great advantage of being a country with a growing population. That is one of our economic strengths. To be sure that this strength is sustainable and is a true strength, we have to build more homes faster. Lifting the GST on purpose-built rentals is a really big part of that.
A second area—I think you'll have a chance to discuss it with François-Philippe further but I'm happy to talk about it too—is the truly historic changes to Canadian competition law. We all know that more competition is good for Canadians. It helps them have more choice and better prices. These measures are truly a once-in-a-generation transformation that will help stabilize prices, ensure that Canadians have more choice and ensure that, particularly in the grocery sector, local grocers are not elbowed out.