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Decentralized Democracy

House Hansard - 132

44th Parl. 1st Sess.
November 22, 2022 10:00AM
Context: House Hansard - 132 - Nov/22/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Nov/22/22 2:20:53 p.m.
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Mr. Speaker, this government told Canadians that interest rates would stay low for a long time. As a result, one-third of the mortgages currently taken out by Canadians are variable rate. This means that when interest rates rise, Canadians either pay more or the term of their mortgage increases. According to the Bank of Canada, this is going to cause financial hardship for many families. The government is driving up interest rates with its inflationary deficits. When will the government reverse its inflationary policies, which risk bankrupting families who cannot pay their bills?
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