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Decentralized Democracy

House Hansard - 42

44th Parl. 1st Sess.
March 21, 2022 11:00AM
Context: House Hansard - 42 - Mar/21/22
Mr. Mark Gerretsen (Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate), Lib.)
  • Mar/21/22 1:07:51 p.m.
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Madam Speaker, the member said that the Liberal government has devalued the Canadian dollar. I am wondering by which measure he is making this claim. If the member is claiming it is based on valuing it against the U.S. dollar, the exchange rate is actually among the highest in the last five years. If he is talking about it in terms of what inflation has done to the Canadian dollar, indeed that inflationary impact has been felt around the entire globe. The value of our dollar still remains significantly higher than other countries'. Can the member clarify what he meant when he said the Liberal government has devalued the Canadian dollar? By most measures, that is just factually untrue.
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Context: House Hansard - 42 - Mar/21/22
Ms. Elizabeth May (Saanich—Gulf Islands, GP)
  • Mar/21/22 1:11:52 p.m.
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Madam Speaker, I have another question for my colleague from Montmagny—L'Islet—Kamouraska—Rivière-du-Loup. I am not sure if the member for Kingston and the Islands already asked this. The Conservatives think the value of our dollar has dropped relative to other countries. Is that just because of inflation? I do not think I understood his response.
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Context: House Hansard - 42 - Mar/21/22
Mr. Bernard Généreux
  • Mar/21/22 1:12:25 p.m.
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Madam Speaker, our country's debt has doubled over the past six years. It took 150 years for the debt to reach $600 billion. Now it is over $1.2 trillion. The size of Canada's debt is almost inconceivable. We have to pay all that borrowed money back, and that affects the value of our dollar.
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