Mr. Speaker, I had the wonderful opportunity to work for finance minister Jim Flaherty, who said what everybody knew at the time: Quantitative easing is inflationary and harmful to the overall economy.
The central bank never did quantitative easing until COVID. It is doing quantitative tightening now. The government's fiscal policies are putting the bank in a very difficult position whereby it may have to restart quantitative easing again, and we have seen the results of that all across the world.