It's easy to forget that Canadians have been through a lot in the last couple of years. Two years ago, our economy was 15% below its prepandemic level. Unemployment was at 13.4%. The combination of monetary and fiscal policies and very effective vaccines has resulted in a very impressive recovery, in fact, the strongest recovery on record.
The fact that we now need to raise interest rates reasonably quickly and that inflation is too high is not because our policy response failed; it's because it was very effective.