This is an incredible drop, 8% to 2%, and will be much welcomed by Canadians.
Help me understand that drop.
You know, a year ago, I was listening to the Conservatives intently. The Conservatives were screaming at the top of their lungs that we need to cut federal spending for programs like child care. They were saying, “Cut child care.” The Conservatives were saying, “Cut spending for dental care.” They were saying, “Cut spending on major investments like the battery plant in Windsor”, which provided two and a half thousand jobs for my community. They were saying, “Cut public spending on investment in things like the Canada child benefit.” They were saying all of these things—“Cut all these programs”—yet the inflation rate dropped from 8% to 2% without our government cutting spending on things like child care, dental care, the Canada child benefit and investments in job creation like the battery plant in Windsor.
Help me understand the decrease in inflation. Were the Conservatives wrong?