Then I want to return to a conversation that we've had at numerous meetings with respect to the carbon tax. I want to thank you for your candour at the last meeting, saying that the carbon tax was adding 0.6%.
There's been a little bit of a mischaracterization, I think, of some of your comments once again, Governor Macklem, when you said that it's a one-time or one-off impact, when the reality is that, as will happen on April 1, the carbon tax will increase. It's scheduled to increase all the way up to 2030. Presumably, if in our Parliament we axe the tax, not only would that eliminate it one time, but there is also the upcoming increase, which is scheduled to be in the range of 23%. I think you've said at other committee meetings that it would be about 0.1% at every increase.
Could you confirm that if we eliminated the tax—and, of course, presumably, the increases to that tax—we would have an ongoing impact that would reduce inflation?