Mr. Speaker, it was a little puzzling last week that, on the same day the Bank of Canada raised interest rates, the finance minister said, “We are very close to the end of this difficult time, and to a return to low, stable inflation and strong, steady growth.” Now, experts are saying the risk is that inflation will not come down, which means interest rates and mortgage rates will be higher.
Is it not time the government cut inflationary deficits, or inflationary taxes like the carbon tax, so interest rates and mortgage rates can come down for Canadians?