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Decentralized Democracy

House Hansard - 50

44th Parl. 1st Sess.
March 31, 2022 10:00AM
Context: House Hansard - 50 - Mar/31/22
Mr. Mark Gerretsen (Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate), Lib.)
  • Mar/31/22 1:45:44 p.m.
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Mr. Speaker, I am wondering if the member can also refer to the debts of the other G7 countries, because the reality of the situation is that it is more important to base the value of the Canadian economy against the economies of our trading partners. To value what the Canadian economy is genuinely worth is to value our debt-to-GDP ratio. The reality is that we have the lowest debt-to-GDP ratio, so that actually means that we are in the best fiscal position when compared to our G7 partners in terms of where we can go to rebuild our economy. I am wondering if the member can weigh in a little on those facts.
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