I'd like to stop you there. You're sort of anticipating where I'm going.
I know that you're reviewing your mandate, and you made a mention of looking at the last three years. The last three years have been kind of perverse. Corporate profits rose very strongly in Canada in 2021 and 2022 when inflation was accelerating, but corporate profits have moderated as inflation decelerated. With wages, it was the reverse. We have inflation at 1.6%. Wage growth has picked up. Current year-over-year wage growth is running 4% to 5%, depending on which measure you use. Back in 2022, when inflation was at 8%, wage growth was 3%, so inflation slowed down and wage growth sped up.
What does this tell you about the last three years, about what caused this rapid acceleration of prices that Canadians are apparently expected to live with? You have 30 seconds.