I would suggest that this would also be the case for any responses our Canadian government comes forward with. We have to make sure that we comply with our trade obligations under both USMCA and the WTO.
I have a question for Mr. Billedeau.
The IRA introduces half a trillion dollars Canadian in new spending. That's on top of several trillion dollars' worth of U.S. spending that occurred during the COVID pandemic. Has your organization done any analysis of the impact this additional spending will have on inflation in Canada? We know that when the United States spends, that spending often sloshes over the Canadian border. Have you done any analysis of whether that will have an impact on our inflationary pressures?