Mr. Speaker, there is a lot there, and I will do the best I can with the time I have.
To start with the last point, yes, indeed there is inflation in other parts of the world, but in no other advanced economy is it like it is in Canada. This is a Canadian phenomenon compared with our peer countries.
On housing, yes, indeed supply is an issue. We have seen nothing from this government to meaningfully address supply. It is quite the opposite. We have a continuation of regulation, and that goes to other levels of government as well, but certainly there are supply issues here. However, what the government has done is inflate the entire asset class with its deficits that were facilitated through the creation of new money, which I addressed.
With respect to programs, yes, indeed we supported all of the support measures that were necessary to combat COVID. However, as the member might have noted in my speech, the Parliamentary Budget Officer has pointed out that the criteria for the stimulus portions, and the government's own rationale for them, have disappeared, yet the expenditures remain.
Finally, I would like to thank the member for participating in the debate. It is nice to see somebody besides the member for Winnipeg North and the member for Kingston and the Islands actually doing their job and speaking in the House of Commons.