SoVote

Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
Context: House Hansard - 201 - May/29/23
The Deputy Chair
  • May/29/23 9:37:07 p.m.
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The hon. member for Charleswood—St. James—Assiniboia—Headingley.
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Mr. Marty Morantz
  • May/29/23 9:37:11 p.m.
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Madam Chair, it was $1,772,900,000. How much was the Bank of Canada surplus for the receiver general in 2021?
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Hon. Chrystia Freeland
  • May/29/23 9:37:24 p.m.
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Madam Chair, again, here is what David Dodge had to say, and I think it will be illuminating for people in the House: “because it was obsessively focused on reducing the federal deficit...the Harper government”—
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The Deputy Chair
  • May/29/23 9:37:36 p.m.
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The hon. member for Charleswood—St. James—Assiniboia—Headingley.
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Mr. Marty Morantz
  • May/29/23 9:37:40 p.m.
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Madam Chair, the answer was $2,780,000,000. How much was the Bank of Canada surplus for the receiver general in 2022?
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Hon. Chrystia Freeland
  • May/29/23 9:37:51 p.m.
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Madam Chair, again, this is what David Dodge said: “The Harper government unnecessarily contributed to a slower, rather more muted recovery in Canada through to 2015”—
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The Deputy Chair
  • May/29/23 9:38:00 p.m.
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The hon. member for Charleswood—St. James—Assiniboia—Headingley.
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Mr. Marty Morantz
  • May/29/23 9:38:03 p.m.
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Madam Chair, the answer is zero. How much did the Bank of Canada lose in 2022?
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Hon. Chrystia Freeland
  • May/29/23 9:38:13 p.m.
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Madam Chair, “...to a slower, rather more muted recovery in Canada through to 2015 than a more appropriate”—
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The Deputy Chair
  • May/29/23 9:38:18 p.m.
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The hon. member for Charleswood—St. James—Assiniboia—Headingley.
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Mr. Marty Morantz
  • May/29/23 9:38:22 p.m.
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Madam Chair, the bank lost $705 million. When was the last time the Bank of Canada had a loss before 2022?
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Hon. Chrystia Freeland
  • May/29/23 9:38:32 p.m.
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Madam Chair, the Bank of Canada, together with the government, supported Canadians during COVID. We did what we had to do, and it worked.
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Mr. Marty Morantz
  • May/29/23 9:38:42 p.m.
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Madam Chair, the answer is that the bank never had a loss before 2022. On a prospective basis, how much does the Bank of Canada project these bank losses will be over the next few years?
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Hon. Chrystia Freeland
  • May/29/23 9:38:54 p.m.
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Madam Chair, the member opposite is seeking to undermine Canadian faith in the bank and in our central institutions. That is irresponsible. It hurts Canada and it hurts Canadians.
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Mr. Marty Morantz
  • May/29/23 9:39:06 p.m.
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Madam Chair, the bank has announced that it expects up to $6 billion in losses over the next few years. Why are taxpayers bailing out the Bank of Canada?
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Hon. Chrystia Freeland
  • May/29/23 9:39:19 p.m.
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Madam Chair, we learned the lesson that these Conservatives have still not learned, which was that Harper economics failed us in 2008. We were not going to repeat those mistakes—
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The Deputy Chair
  • May/29/23 9:39:28 p.m.
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The hon. member for Charleswood—St. James—Assiniboia—Headingley.
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Mr. Marty Morantz
  • May/29/23 9:39:33 p.m.
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Madam Chair, how much is the bank's policy interest rate?
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Hon. Chrystia Freeland
  • May/29/23 9:39:37 p.m.
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Madam Chair, what is astonishing to me is that these Conservatives refuse to learn the lesson of previous failures, and they have the gall to try—
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The Deputy Chair
  • May/29/23 9:39:48 p.m.
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The hon. member.
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