Hon. Marc Gold (Government Representative in the Senate): Thank you for your question. I do not agree that the government has “gotten it all wrong.” I think we will all acknowledge that, as the governor has, one makes one’s predictions and assessments based upon the best evidence at the time. However, circumstances change and assessments have to be revised, which is the case here.

The Government of Canada is concerned with the rising cost of living for Canadians. It’s concerned about inflation and the impact that it can have on people’s well-being and expectations for the future and is considering using all of the tools that it has at its disposal as a government to do its part to address this important issue.