Mr. Speaker, I respect the hon. colleague a great deal. He knows, like we do, that the inflationary cycle taking place in Canada is not a Canada-only phenomenon. Inflation is taking place across the world.
Let us listen to the Governor of the Bank of Canada, Tiff Macklem, who said that government spending patterns are not standing in the way of inflation getting back to target. In our projections, which incorporate those measures, we have inflation coming back to target.