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Decentralized Democracy

House Hansard - 210

44th Parl. 1st Sess.
June 9, 2023 10:00AM
Context: House Hansard - 210 - Jun/9/23
Hon. Greg Fergus (Parliamentary Secretary to the Prime Minister and to the President of the Treasury Board, Lib.)
  • Jun/9/23 11:24:26 a.m.
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Mr. Speaker, after peaking at 8.1% last year, the inflation rate now stands at 4.4%, and the Bank of Canada expects that to drop to less than 3% by the end of the fall. Canada delivered the strongest economic growth last year. The OECD predicts that Canada will once again have the strongest economic growth this year and next. Canadians can and should have confidence in the resilience of our economy.
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Context: House Hansard - 210 - Jun/9/23
Hon. Greg Fergus (Parliamentary Secretary to the Prime Minister and to the President of the Treasury Board, Lib.)
  • Jun/9/23 11:25:41 a.m.
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Mr. Speaker, as I just said, Canada is forecast to have the strongest economic growth among G7 countries this year and next. One thing my hon. colleague did not mention is the fact that just today, almost 900,000 more Canadians have recovered the jobs they lost during the pandemic. There are 128% more jobs than there were before the pandemic. Canadians can be confident about their future.
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Context: House Hansard - 210 - Jun/9/23
Hon. Greg Fergus (Parliamentary Secretary to the Prime Minister and to the President of the Treasury Board, Lib.)
  • Jun/9/23 12:00:12 p.m.
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Mr. Speaker, I invite my hon. colleague to have a look at the budget. He can look directly at the budget to see very clearly that the deficit will continue to decline every year for the next five years, despite the headwinds we face. The Conservative Party's reckless austerity measures would be very problematic. Our government has the lowest deficit in the G7. We have the lowest debt and the lowest debt-to-GDP ratio. It is thanks to our leadership that we have been able to achieve these important goals.
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