Thank you very much.
I am wondering if you can help us locate the inflationary demand in the economy. We talk a lot about this, but we know that, for instance, this year, 1.5 million Canadians have been using food banks. Presumably these aren't Canadians who are causing inflation. We know that a lot of Canadians are now having trouble paying their mortgage. They don't have a surplus of funds that they're using to bid up the price of consumer goods.
When we talk about whether it's government money being pumped into the economy that is then spurring inflationary demand or we talk about the role of corporate profits in spurring demand and investment spurring demand, what are the areas of inflationary demand? I think a lot of Canadians, when they hear the kind of talk around Parliament Hill, think, “I'm not bidding up the price of goods at the supermarket. I'm just trying to keep up.”
Whether it's excess corporate profits or certain kinds of government spending, how does that translate into higher grocery prices or higher housing costs? Where does that inflationary demand manifest in the economy, and who are the people or the organizations or the corporations behind that inflationary demand?