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Decentralized Democracy

House Hansard - 117

44th Parl. 1st Sess.
October 25, 2022 10:00AM
Context: House Hansard - 117 - Oct/25/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Oct/25/22 2:23:13 p.m.
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Mr. Speaker, the Prime Minister has built a house of debt. He doubled Canada's debt. He added more debt than all Canadian prime ministers combined. He flooded our financial and mortgage system with easy cash, which bid up house prices, forcing Canadians to pay over a million dollars for the average home in Toronto or Vancouver. Now the bill is coming due tomorrow, and interest rates are expected to go up half to three-quarters of a point. Those same Canadians who the Prime Minister forced to over-leverage themselves will be hit with an uppercut of surprise higher interest rates that his government said would never happen. How could he have been so irresponsible?
116 words
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