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Decentralized Democracy

House Hansard - 198

44th Parl. 1st Sess.
May 16, 2023 10:00AM
Context: House Hansard - 198 - May/16/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/16/23 2:20:17 p.m.
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Mr. Speaker, the reality is that inflation is going down. Inflation was 8.1% in June and 4.4% in April. That is a big difference. The Bank of Canada expects inflation to reach 3% this summer and to drop below 3% by the end of the year. As for our economy, our AAA credit rating remains intact.
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Context: House Hansard - 198 - May/16/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/16/23 2:21:41 p.m.
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Once again, the Conservatives do not want to talk about the reality of the Canadian economy. The reality is that Canada has the strongest economy of all the G7 countries. We also have the strongest fiscal position and the lowest deficit of all the G7 countries. It is thanks to the work of Canadians that we have a very low level of unemployment. Inflation is dropping—
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Context: House Hansard - 198 - May/16/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/16/23 2:22:58 p.m.
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Mr. Speaker, yet again, despite the best efforts, which actually are not that good, of the Conservatives to mislead Canadians, the Canadian economy is strong. We have the strongest fiscal position in the G7, and our AAA credit rating was reaffirmed after I tabled the budget. On inflation, I know that the party opposite does not really know too much about the Bank of Canada, but the Bank of Canada follows CPI-trim and CPI-median; those are the core indicators. CPI-median and CPI-trim went down between March and April.
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Context: House Hansard - 198 - May/16/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/16/23 2:32:54 p.m.
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Mr. Speaker, let us talk for a minute about fiscal responsibility and about inflation, which is coming down. In terms of Canada's fiscal position, the truth is, moving past the overheated and, frankly, metaphorically challenged Conservative rhetoric, that Canada has the strongest fiscal position in the G7. Our AAA credit rating was reiterated by S&P after I tabled the budget. We have the lowest deficit in the G7. Some hon. members: Oh, oh!
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