If we're comparing orders of magnitude, you could say that a reduction in oil and gas prices has allowed inflation in Canada to come down in the order of about 2%—not 2% less inflation, but 2% overall. When we compare that to the carbon tax, we're talking about an effect on inflation in the order of about one-tenth of one percentage point.
That seems to be a considerable difference in orders of magnitude in terms of the impact of the carbon tax on inflation versus the impact of oil and gas prices in a period when oil and gas companies are making record profits. It seems to me that one is decisively more contributory to inflation than the other. Is that a fair claim?