My question is for the Minister of Finance. My constituents in Oakville North–Burlington are experiencing increased cost-of-living pressures due to high inflation, which is making life more challenging and less affordable for them. Many global factors are contributing to the economic challenges that people are facing day to day.

On the news, my constituents hear about the geopolitical instability caused by Russia’s brutal war on Ukraine. They see how this impacts rising prices in our stores and the disruption it’s having on our supply chains.

Could the minister please provide this House with specifics about how our government plans to address our province’s finances during this period of global economic uncertainty?

Canada’s federal Minister of Finance Chrystia Freeland recently said that there will be “difficult days ahead” for Canada’s economy. The Conference Board of Canada has also reported that Canada’s economic output will slow to a near standstill over the next three quarters.

Given the current and future concerns about economic uncertainty, what actions will our government and the Minister of Finance take to continue to keep our province on a strong economic path?