I'll continue my questioning. Thank you, Chair.
The Governor of the Bank of Canada, who sat in that chair recently, said, “we expect government spending to grow at about 2.5%. What that means is, if all those spending plans are realized, government spending will be adding to demand more than supply is growing, and in an environment where we're trying to moderate spending and get inflation down, that's not helpful.”
I'll help you out, Minister. In your own fall economic statement on page 77, according to your numbers, it calculates to be about 5.5% growth. That's more than double what the governor said would be helpful. The governor also said that your fiscal policy and his monetary policy of trying to tackle inflation by raising interest rates are rowing in opposite directions.
Do you agree with him, or do you disagree with him?