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Decentralized Democracy

House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
  • Oct/26/23 2:34:15 p.m.
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Mr. Speaker, if being responsible is adding more debt than every government before it combined, I would hate to see what the Prime Minister on a bender looks like. Robert Asselin, former Liberal adviser to the Prime Minister, admitted today at the finance committee that the Liberal-NDP spending is working against the Bank of Canada. Even the Governor of the Bank of Canada said government spending is making his job harder and is not helpful. While the Prime Minister has a tiff with the bank governor, Canadians and their homes are caught in the crossfire. After eight years, he is not worth the cost. Will the Prime Minister finally rein in the spending so interest rates and inflation can come down and Canadians do not have to lose their homes?
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  • Oct/26/23 2:34:57 p.m.
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Mr. Speaker, we believe in the independence of our institutions. The Bank of Canada pursues an independent monetary policy that is best suited to Canada's economic circumstances. Keeping these institutions free from political interference is not a matter of principle. It is a matter of protecting Canadians' livelihoods, their businesses and our economy. Canada's AAA credit rating was reaffirmed last month, and Canada still has the lowest debt-to-GDP ratio in the G7. The Conservatives can keep fearmongering all they want. Canadians expect and deserve better. Some hon. members: Oh, oh!
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