Thank you so much, Mr. Chair.
I want to thank all of the presenters for their presentations.
I'm going to start off with Mr. Macdonald from the Canadian Centre for Policy Alternatives. If I have time I'd love to squeeze in a question at the end to Mr. Desjardins at Brigil.
Mr. Macdonald, you've talked quite a bit about inflation. You've also talked about housing.
All of the reports I'm reading say that inflation has risen around the world. The key drivers behind inflation globally—this includes in Canada—are global oil prices, pandemic supply chain problems and the way the virus has changed spending habits, among other things. Would you agree with that?