Mr. Speaker, I have the privilege of working with the member for York Centre on the Standing Committee on Finance. We have had some differences of opinion on his overly literal interpretation of the works of Adam Smith. I would just like to mention in passing to him that man never hung around with dinosaurs.
Mr. Mike Moffatt, professor of business, economics and public policy at Western University's Richard Ivey School of Business, told The Globe and Mail that these tariff increases could be a regressive tax.
That is important. Would my colleague like to comment on that?