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Decentralized Democracy

House Hansard - 261

44th Parl. 1st Sess.
December 4, 2023 11:00AM
Context: House Hansard - 261 - Dec/4/23
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • Dec/4/23 2:54:32 p.m.
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Mr. Speaker, inflation is caused by the Prime Minister's deficit spending. The Bank of Montreal's chief economist explained that inflation is the new villain, fuelling the fires of Canada's housing hell. Rents have skyrocketed 8.2% year over year, the fastest pace since 1983. Rents are up and mortgages are up. Inflation is up and interest rates are up. The Prime Minister is just not worth the cost. After eight years, when will the NDP-Liberal government stop its deficit spending so people can keep a roof over their head?
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Context: House Hansard - 261 - Dec/4/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Dec/4/23 2:55:10 p.m.
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Mr. Speaker, let us talk about some facts and reality. The reality is that Canada has the lowest deficit and the lowest debt-to-GDP ratio in the entire G7. The reality is that when we listen to the objective economists whose job it is to judge our fiscal position, the ratings agencies, we have a AAA rating. We made the necessary investments to support Canadians. That is why there are 1.1 million more jobs in Canada than before COVID and why our economy is more than 104% bigger than it was before COVID.
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