Mr. Speaker, I think it was actually the chairman of the federal reserve who used the term “transitory” to characterize inflation. Let me just point out, yet again, that the Conservatives continue to push a false narrative, frankly, about everything that is happening in Canada, and very much including the economy. The fact is that the Canadian recovery is strong. Our GDP grew by 5.4% in the third quarter. That beat the U.S., Japan, the U.K. and Australia.
I also want to point out that S&P and Moody's both reaffirmed our AAA credit rating this fall.