Mr. Speaker, I would like to share the following information with the House.
First, inflation in Canada is under control. It is at 2.4% and the Bank of Canada target is between 1% and 3%. We have been meeting the inflation-control target for 21 months.
Second, there is no link between the government's deficits and inflation. Inflation is a global phenomenon. Do COVID-19, the war in Ukraine and rising oil prices ring a bell to you?