For example, Statistics Canada in September indicated that, in terms of volume of sales, retail sales declined, yet inflation continued. There was still a higher than target inflation rate in September.
I hope that you weren't just guessing the reason for these price increases. I understand that you refuse to bear any responsibility as it relates to the quantitative easing that you initiated at the bank as a cause of that problem. I understand why you wouldn't want to do that. Hopefully, you didn't just look at the economy and say, “Well, we guess it's a drop in supply, and we estimate that it's an increase in demand.”
I hope that you would have some very specific numbers to justify the rate hikes. That is having a very real impact on Canadians. You should be able to show your work to justify the decisions that you've made.