For reasons that Mr. Cross indicated, it's a little bit of a mug's game, because you're comparing different things. For instance, our inflation is way lower in Canada than it is in the U.S., but that's because we don't have used car inflation in our inflation calculations. We are generally in the ballpark of a lot of these other countries, but there is a big definitional issue, which complicates things. For sure, inflation is well outside the Bank of Canada's inflation control range. There is absolutely no question about that.
On January 24th, 2022. See this statement in context.