Mr. Speaker, let me take another opportunity to point out to Canadians listening to us that Canada is tied with the United States in the G7 for the fastest rate of fiscal consolidation and the fastest rate of bringing down our deficit.
Canadians know inflation is a global phenomenon. It is driven by Putin's war in Ukraine. It is driven by China's COVID-zero policies. I will give some numbers to back that up. Our latest inflation number is 6.8% in Canada. That is lower than the U.S., which is at 8.6%; Germany at 7.4%; the U.K. at 9.0%; and the OECD average of 9.2%.