Madam Speaker, the hon. member from the Conservative Party is completely wrong with his assertions. We are investing in the lives of 11 million Canadians and families, and we are doing so with $3.2 billion in new spending against a total size of our economy of $2.7 trillion. We are talking about just over 1/1,000th of the size of our economy. That will not keep inflation rising.
Going from one economist to another, Trevor Tombe, who is one of the best economists the country has, said, “When you unpack the data to see what the drivers of inflation are, most of it, by a pretty wide margin, is tied to global factors...Canadian federal government spending or transfers or tax changes really wouldn't have a big effect.”
We are doing the responsible thing by targeting measures, supports to those who need it the most, and making sure we are not increasing inflation to make the job of the Bank of Canada that much harder. We are focused on Canadians, with a real plan and real results.