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House Hansard - 210

44th Parl. 1st Sess.
June 9, 2023 10:00AM
Context: House Hansard - 210 - Jun/9/23
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/9/23 11:52:43 a.m.
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Mr. Speaker, despite what the Conservatives say, everyone knows that inflation is a global phenomenon. Inflation in Canada is lower than our peer economies, and we have the best fiscal framework in the G7. Our budget not only retains this fiscal advantage and allows inflation to continue to decrease, it makes life more affordable for Canadians and invests significantly in health care and in dental care, while creating high-paying sustainable jobs to go above and beyond the close to 900,000 jobs that Canadians have already created.
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Context: House Hansard - 210 - Jun/9/23
Mr. Blake Richards (Banff—Airdrie, CPC)
  • Jun/9/23 11:56:56 a.m.
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Mr. Speaker, not long ago the Liberal Minister of Finance said: By exercising fiscal restraint, and by not pouring fuel on the fire of inflation today, we will ensure we can responsibly invest in Canadians and in a Canadian economy for years to come. Yet, here we are, $60 billion in new spending and interest rates at their highest level in 22 years. The Liberals call that restraint? They are practising about the same amount of restraint as a kid in a candy store. When will the Liberals stop gouging Canadians and end their inflationary spending?
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Context: House Hansard - 210 - Jun/9/23
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/9/23 12:04:17 p.m.
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Mr. Speaker, as I have had the opportunity to say many times in this House, our plan is fiscally responsible and inflation is coming down. It is at 4.4% and we expect it to be less than 3% before the end of this year. At the same time, we are investing in making life more affordable, and we can afford to do that because we have the lowest deficit and because we have the lowest net debt-to-GDP ratio and because we have the fastest-growing economic growth, at 3.1%, in the G7. We need to take advantage of our good fiscal framework and make sure that we make life more affordable for Canadians.
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