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House Hansard - 209

44th Parl. 1st Sess.
June 8, 2023 10:00AM
Context: House Hansard - 209 - Jun/8/23
Mr. Scot Davidson (York—Simcoe, CPC)
  • Jun/8/23 2:13:07 p.m.
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Mr. Speaker, batten down the hatches. Canada is at the greatest risk of mortgage defaults of any other developed country, and it is because the Prime Minister is steering this ship right off course. Liberal government deficits are causing inflation. Inflation is causing higher interest rates, and higher interest rates are causing Canadians to default on their mortgages. The Liberal government is forcing Canadians to sink or swim, but we know that most are barely treading water. Nearly half of all homeowners are finding their mortgage payments unaffordable, and Canada has the highest household debt in the entire G7. Liberal inflationary spending, red tape and government gatekeepers are leaving Canadians underwater. Conservatives have a solution to right the ship and get our country’s compass pointing towards prosperity once more. We will stop the deficits, which will stop the inflation, which will stop the interest rates from going up, which will stop the defaults. Let us bring it home.
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Context: House Hansard - 209 - Jun/8/23
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/8/23 2:21:18 p.m.
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Mr. Speaker, when we compare ourselves to our economic peers, we have a lower deficit, a lower net debt-to-GDP ratio, the fastest-growing economic growth in the G7 and lower interest rates. That is what is allowing us to invest in things such as dental care, child care, health care, affordability, economic growth and jobs. Over 900,000 jobs have been created since the pandemic. Yes, global inflation is hard, but we will get through this by working together.
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Context: House Hansard - 209 - Jun/8/23
Ms. Melissa Lantsman (Thornhill, CPC)
  • Jun/8/23 2:21:47 p.m.
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Mr. Speaker, the Liberals say everything is fine. They either do not know the number or they will not tell us. It is $4,000 a month for an average mortgage payment. After eight years of the Liberal government, consumer debt is the highest it has ever been. Canadians carry more debt than our entire GDP. The Prime Minister told us that interest rates would stay low. He promised that he would take on debt so Canadians did not have to. Canadians need some certainty. They need to pay their bills. How many Canadians will have to lose their homes before the Liberals notice something is wrong?
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Context: House Hansard - 209 - Jun/8/23
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • Jun/8/23 2:33:19 p.m.
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Mr. Speaker, Conservatives will continue to fight to stop this Liberal-NDP government from putting another $4,200 of debt on the backs of struggling Canadians. Liberals' out-of-control spending gave Canadians the highest inflation seen in 40 years, and that made interest rates go up. The majority of Canadians are only $200 away from insolvency. Any more rate hikes are going to be crippling. This budget would turn Canada into a nation of inflation and higher debt. Will the Prime Minister end his surf trips, end the phony celebrity tours and rewrite this failed budget, so Canadians can keep their homes this summer?
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