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Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 8:30:18 p.m.
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Mr. Chair, let me point out that inflation has come down in Canada, from a high of 8.1% to 4.4%. When it comes to the budget, let me quote the former parliamentary budget officer, Kevin Page. He said we have a “credible fiscal policy” and that our “fiscal anchor of the”—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 8:59:48 p.m.
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Mr. Chair, the fact is that inflation is coming down in Canada. Inflation was at 8.1% in June and was 4.4% in April, and the Bank of Canada forecasts that it will be 3% this summer.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:00:24 p.m.
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Mr. Chair, many of the investments in our budget increased Canada's economic capacity and increased the supply side. That is helping to keep inflation and jobs on track.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:39:57 p.m.
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Madam Chair, Canada's inflation rate is going down: 8.1% in June—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:40:10 p.m.
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Madam Chair, as I said, inflation is coming down. It is lower in Canada than in the U.S. and in the U.K., and it is lower than the G7 average and the euro average.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:40:56 p.m.
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Madam Chair, the Bank of Canada officials say inflation is going to go down to 3% this summer. That is good news.
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