Hon. Donald Neil Plett (Leader of the Opposition): Honourable senators, my next question is for the government leader as well and concerns the cost-of-living crisis in our country.

Last week, Statistics Canada reported that inflation is at its highest level in 18 years. In August, during the federal election campaign, the Prime Minister admitted that he doesn’t think about monetary policies. I believe him. It is clear he never thinks about these. But massive inflation is making everyday life unaffordable for Canadians. These Canadians are thinking about monetary policies.

On December 31, the agreement between the Bank of Canada and the Government of Canada on our country’s inflation-control target will lapse — just over a month away. We still don’t know the Trudeau government’s position on this. Leader, you didn’t have an answer for Senator Bellemare yesterday, so perhaps I will have better luck. Will the inflation-control target be renewed at its current rate of 1 to 3%, yes or no?