My question is for the Minister of Finance. A month ago, the Bank of Canada reported that the federal carbon tax was responsible for a mere 0.15% increase in inflation. Researchers sought an explanation, only to discover that these calculations were not accurate. Now, the figures have changed. The governor of the Bank of Canada now says that the original number did not account for the years of tax increases and revealed that the correct impact of the carbon tax is actually four times higher, at 0.6%.

It is clear that the federal Liberals and the Bank of Canada are out of touch when it comes to understanding the harmful impact of the carbon tax. Speaker, can the minister please explain how this regressive tax is creating economic hardship for Ontario?