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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 2:24:23 p.m.
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Mr. Speaker, I have another request: Would that ex-minister stop leading Canadians astray, urging them, recklessly, to invest in crypto? That is an area where we actually really do disagree. I want to talk about the core inflationary measures that the Bank of Canada follows, which determine the path of interest rates. One of them is CPI-trim. CPI-trim peaked at 5.6% in June of last year. It was 4.4% in March, and fell to—
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Context: House Hansard - 198 - May/16/23
Hon. Chrystia Freeland
  • May/16/23 2:36:49 p.m.
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I do not mind at all, Mr. Speaker. Canadians understand that Canada has a very strong fiscal position. We have the lowest deficit in the G7. Our AAA rating was reaffirmed by S&P after I tabled my budget. Canadians also understand that, contrary to what the member opposite suggested, it is not the government that sets interest rates. It is the Bank of Canada, and the Bank of Canada looks at CPI-trim and CPI-median, both of which went—
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