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Decentralized Democracy

House Hansard - 57

44th Parl. 1st Sess.
April 25, 2022 11:00AM
Context: House Hansard - 57 - Apr/25/22
Mr. Mark Gerretsen (Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate), Lib.)
  • Apr/25/22 6:09:57 p.m.
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Mr. Speaker, I listened attentively to the speech from my colleague from across the way, and she particularly talked about the debt-to-GDP ratio in Canada. I think what she misses is the bigger picture, and in the bigger picture we have the second lowest debt-to-GDP ratio among the G7 countries, at least for 2021. We have prepared ourselves in a way that allows us to benefit from the investments we made in Canadians during the pandemic by coming out stronger on the other end of the pandemic. We are seeing that with the levels of employment and we are seeing that with the economic growth in Canada. I realize that Conservatives will quite often say, “Do not worry about what other countries are doing; just worry about what is happening in Canada.” The reality of this situation is that in a global economy and with a global market, where we are continually interchanging goods and services throughout the world, we cannot look at one country in isolation. I am wondering this. Can the member at least comment on the fact that we do have the second-lowest debt-to-GDP ratio in the G7 countries, and does she think that is a good thing?
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