I wanted to ask about the role of the federal government in fighting inflation.
The fiscal plan that the government laid out in the fall economic statement—the last “mini-budget”, if you will—would see a continued reduction of the federal deficit and the debt-to-GDP ratio, which is the ratio of debt to the size of our economy.
At this time, and given these plans that the government has, is the government's fiscal policy—its spending policy, effectively—working in line with the Bank of Canada's plans and efforts to lower inflation?