SoVote

Decentralized Democracy

House Hansard - 212

44th Parl. 1st Sess.
June 13, 2023 10:00AM
Context: House Hansard - 212 - Jun/13/23
Mr. Marc Dalton (Pitt Meadows—Maple Ridge, CPC)
  • Jun/13/23 11:01:29 a.m.
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Mr. Speaker, the member finished by saying that the Liberals were doing all they could to get this under control. It seems to me that they are missing an essential element, and that is keeping the debt under control. This has led to a ballooning of the inflationary fire. The Bank of Canada has been forced to raise interest rates, which is having a tremendous impact on homeowners who are renting to other people. They are forced to raise how much rent they charge or else sell their properties. Does the member not recognize the impact of their policies on housing stocks?
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Context: House Hansard - 212 - Jun/13/23
Mr. Rob Morrison (Kootenay—Columbia, CPC)
  • Jun/13/23 2:13:18 p.m.
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Mr. Speaker, inflationary spending is driving up the cost of living. Food, housing and fuel are all hitting record highs. Canadians are stretched thin. According to the International Monetary Fund, Canada has the highest risk of mortgage defaults because of the high levels of household debt compared to similar economies. This government said that interest rates would be low for a long time and debt had no consequences. Now, in a span of a year, interest rates have gone up by 4.5%. Canadians who believed this government and took on a large mortgage to afford the inflated price of homes now do not know how they are going to pay the bills. Canadians are already experiencing $600 increases in mortgage payments. According to the Bank of Canada, over the next three years, a large share of Canadian households will see their payments go up by 40%. It is time to restore stability, restore hope and bring the back common sense of the common people.
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Context: House Hansard - 212 - Jun/13/23
Right Hon. Justin Trudeau (Prime Minister, Lib.)
  • Jun/13/23 2:26:47 p.m.
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Mr. Speaker, the finance minister said that, and then she brought in a responsible and fiscally sound budget that continues to contribute. I know the Conservatives do not like it because it gets in the way of a good political argument, but if we look at the facts, we have the lowest deficit in the G7 and the best debt-to-GDP ratio, and we have preserved our AAA credit rating, while being there to support Canadians who need it in targeted non-inflationary ways. While the Conservatives continue to propose cuts in programs, cuts in help for Canadians and cuts to services, we will continue to be there in a way that continues to fight inflation and support Canadians.
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Context: House Hansard - 212 - Jun/13/23
Mrs. Dominique Vien (Bellechasse—Les Etchemins—Lévis, CPC)
  • Jun/13/23 2:47:57 p.m.
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Mr. Speaker, this Prime Minister's inflationary policies are causing terrible harm and immense sadness. For instance, the exponential rise in the cost of rent, which has doubled in recent years, is forcing people onto the streets or into debt. A woman with a disability in the Montreal area has no choice but to live in a motel and put the cost on her credit card because she cannot find suitable housing at a reasonable price. What does the Prime Minister have to say to this woman who is suffering?
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Context: House Hansard - 212 - Jun/13/23
Mr. Ben Lobb (Huron—Bruce, CPC)
  • Jun/13/23 2:54:32 p.m.
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Mr. Speaker, Friedman once said that inflation is always and everywhere a monetary phenomenon, a problem of printing too much money. The Liberals have been printing money for eight years. Now they have doubled our debt, and everyday inflation is out of control. One can drive up and down any country road or visit any small town, and one will see the effects of inflation and high interest rates. When will the Liberals get off the backs of Canadians and out of their back pockets?
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