Madam Speaker, it is nice to be here late into the evening talking about an important measure to support affordability for Canadians.
Before I start, I would like to say that I will be sharing my time with the member for Beauport—Limoilou.
I would like to just say that I think this is a good measure to support affordability at the right time. Measures like this are all about timing, and if we go back a couple of years, just three years in fact, to when Erin O'Toole was the prime minister, he suggested that we do a GST holiday back in 2021. That was at a time when our inflation was over 4%, and it was going up.
Indeed, over the course of the ensuing months, it went up to 8%, so that idea probably would have had a negative impact on rising inflation rates at the time—