Mr. Speaker, obviously, the very high cost of living is a real issue. We understand very well that it has a direct impact on the lives of average Canadians. However, one needs to know where that high cost of living is coming from.
The members opposite may not have realized that we had a COVID crisis in the country and around the world. In the recovery period following COVID, there was a very sharp snap-back in economic activity, and the interruptions to supply chains pushed prices way up. That is where the inflation crisis came from all over the world, not just in Canada. If that was not enough, we have the war in Ukraine, which has led to much higher energy prices and much higher food prices, among other things. There was a global—