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House Hansard - 179

44th Parl. 1st Sess.
April 18, 2023 10:00AM
Context: House Hansard - 179 - Apr/18/23
Mr. Lloyd Longfield (Guelph, Lib.)
  • Apr/18/23 12:31:09 p.m.
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Madam Speaker, the member mentioned the interest rates being applied by the federal government. Interest rates are applied by the Bank of Canada, and the federal government responds through policies and programs like those we have in budget 2023, which are targeting the vulnerable people affected by interest rates. In fact, this morning, we had great news that our inflation rate is down to 4.3%, which is down from 8.1% last June. Even more impressive was that gasoline prices have actually fallen, year over year, for the second consecutive month. Could the member tell the House how targeting programs working with the Bank of Canada to get inflation under control is precisely what this budget is doing?
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