Mr. Speaker, we know that countries around the world are experiencing inflation, some more and some less.
We know that Canada is being affected by global supply chain interruptions, and the shortage of supply of some items means the demand is outpacing the supply, hence the increased prices. Supply-side shocks also mean that there are added costs to getting products to market, again putting an upward pressure on prices. We also know that former Bank of Canada governor Stephen Poloz has said that government spending and stimulus are not to blame for increased inflation.