There are a couple of points there. First of all, governments have a range of priorities. They have economic priorities, they have social priorities, they have health priorities, education, security and defence. There are many priorities and you have hard jobs. At the Bank of Canada, we have one job, and that is to control inflation. What we do is take announced provincial and federal budgets as given and we put those into our models. We put that in with everything else, with the dynamics of the U.S. economy, with commodity prices, with other factors, and we update our projections. Those are useful inputs. Those are important inputs into the decisions we take to deliver on our mandate.
On April 25th, 2022. See this statement in context.