Mr. Speaker, after peaking at 8.1% last year, the inflation rate now stands at 4.4%, and the Bank of Canada expects that to drop to less than 3% by the end of the fall. Canada delivered the strongest economic growth last year. The OECD predicts that Canada will once again have the strongest economic growth this year and next. Canadians can and should have confidence in the resilience of our economy.
In the House of Commons on June 9th, 2023. See this statement in context.