SoVote

Decentralized Democracy

House Hansard - 216

44th Parl. 1st Sess.
June 19, 2023 11:00AM
Context: House Hansard - 216 - Jun/19/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/19/23 2:29:25 p.m.
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Mr. Speaker, our economic plan struck a balance between fiscal responsibility and compassion. That is why, in July, we will be providing a grocery rebate to 11 million Canadian families in need. That is why we are also providing dental care to Canadian families in need. That is why we are going to invest more than $100 billion in our green transition. We are doing all that while maintaining the lowest deficit in the G7.
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Context: House Hansard - 216 - Jun/19/23
Mrs. Shelby Kramp-Neuman (Hastings—Lennox and Addington, CPC)
  • Jun/19/23 2:58:09 p.m.
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Mr. Speaker, experts across Canada and the world are sounding the alarm bells. The Liberal government deficits are causing mortgage defaults because of inflation driving interest rate hikes. One mortgage broker in Ontario said that it may be the last straw. Washington and Paris are taking note as well. The IMF and the OECD have singled out Canada as the nation with the highest risk of mortgage defaults. Will the Prime Minister listen to domestic and international experts and end his inflationary deficit spending?
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Context: House Hansard - 216 - Jun/19/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/19/23 2:58:43 p.m.
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Mr. Speaker, in fact both the IMF and the OECD have forecast that Canada will have the strongest economic growth in the G7 this year and next year. The IMF has further commended Canada for our very strong fiscal position and has pointed out that Canada continues to have not only the lowest deficit in the G7 but also the lowest debt-to-GDP ratio. Let me remind the members opposite that notwithstanding their efforts to talk Canada down, we enjoy an AAA credit rating, reaffirmed after we—
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Context: House Hansard - 216 - Jun/19/23
Mrs. Shelby Kramp-Neuman (Hastings—Lennox and Addington, CPC)
  • Jun/19/23 2:59:24 p.m.
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Mr. Speaker, the long-term consequences of the current government's inflationary deficit spending on Canadian mortgage-holders is already at a head, driving up interest rates to the highest in 22 years. Senior economists across the Canadian banking sector have all indicated that another hike is likely in July, another cost-of-living hike on top of the carbon tax hike. At what point will the government stop footing middle-class Canadians with the bill for its poor economic and fiscal stewardship?
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Context: House Hansard - 216 - Jun/19/23
Mr. James Bezan
  • Jun/19/23 8:57:28 p.m.
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Mr. Speaker, just to go on with the letter from CDAI, they said: Russia's brutal war...in Ukraine...as well as the continuing expansion of the military arsenals of authoritarian regimes...should have prompted a re-assessment of our defence posture. The reality is that well-connected consultants, big bankers and wealthy bondholders get more from the Liberal government than our troops. We know that the deficit that is going to the big bankers is over $40 billion. We know that McKinsey and other Liberal-connected consultants are getting billions of dollars every year, while our troops do without. In this fiscal year that just ended in March 2023, we had $2.5 billion of lapsed military spending that will never be available again. That has dropped our GDP ratio, which was supposed to be at 1.33%, down to 1.29%. The difference between what was supposed to be spent on military expenditures and where we are at relative to the 2% of GDP shows that we are actually $20 billion short. That is unacceptable. People cannot buy house insurance when their home is—
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