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Decentralized Democracy

House Hansard - 160

44th Parl. 1st Sess.
February 14, 2023 10:00AM
Context: House Hansard - 160 - Feb/14/23
Hon. Tim Uppal
  • Feb/14/23 4:56:45 p.m.
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Mr. Speaker, my hon. colleague makes a very good point, that it was actually the actions of the Liberal government, its inflationary policies and the fact that it spent so much money it really did not have, that caused the inflation we have. The Bank of Canada had no choice and was forced to increase the rates to what we see today. The result of that is that Canadians are paying for it. Mortgage payments have doubled for many Canadians. This is forcing Canadians to consider selling their house. Many Canadians are now saying they will have to sell their house within the next nine months because of how high these rates have gone. These rates are that high today, at record levels today, because of the 40-year inflation the Liberal government has caused. Its inflationary policies have put Canadians in the position they are in today.
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