SoVote

Context: House Hansard - 216 - Jun/19/23

Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)

Jun/19/23 2:51:39 p.m.
Watch

Mr. Speaker, in our Article IV consultation with IMF, the IMF actually said that Canada has the strongest fiscal position in the G7. It said we have the lowest deficit in the G7 and the lowest debt-to-GDP ratio. The IMF commended our investments in the green economy and our early learning and child care plan. Canada is doing very well relative to its peers in a complicated global economy.

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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.
Watch

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

Mr. Sébastien Lemire (Abitibi—Témiscamingue, BQ)

Jun/19/23 7:47:38 p.m.
Watch

Mr. Speaker, as I listened to my colleague's remarks, I was reminded of the debates we had at the Standing Committee on Industry and Technology. My colleague asked some very good questions. We have heard that the amount of money laundered in Canada could be as high as $113 billion a year, which is a staggering number. According to a United Nations statistic, the amount of money laundered worldwide represents between 2% and 5% of global GDP. Coming back to my colleague's speech, I would also like to remind him of a question he asked Ms. Ryan from the Financial Transactions and Reports Analysis Centre of Canada. This centre works primarily to combat money laundering. How can we ensure that cryptocurrency cannot be used to circumvent the system? That was the gist of his question, and he also asked whether the current bill could guarantee the appropriate protection or whether a new bill should be introduced. Basically, we understand that under this bill, the authorities will be using more and more mechanisms to address the issue of virtual money and the fight against money laundering. However, this is a brand new phenomenon, of course, and there are gaps in the current context. I wonder if my colleague could elaborate on that. What does he think should be done in a future bill?

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Context: House Hansard - 216 - Jun/19/23

Mr. James Bezan

Jun/19/23 8:57:28 p.m.
Watch

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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