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Decentralized Democracy

House Hansard - 308

44th Parl. 1st Sess.
May 3, 2024 10:00AM
Context: House Hansard - 308 - May/3/24
Mr. Philip Lawrence (Northumberland—Peterborough South, CPC)
  • May/3/24 11:48:47 a.m.
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Mr. Speaker, we have heard over and over again that Canadians have never had it so good. During Wednesday's question period, the Prime Minister guaranteed to the Canadian public, those people who are counting on interest rates going down, that they will start coming down in the next few months. That is great news. The problem is that the Bank of Canada, the organization that actually decides what the interest rates will be, says it has not decided that yet. I have a simple question for the government: Who is lying, the Governor of the Bank of Canada or the Prime Minister?
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Context: House Hansard - 308 - May/3/24
Hon. Steven MacKinnon (Leader of the Government in the House of Commons, Lib.)
  • May/3/24 12:10:09 p.m.
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Mr. Speaker, perhaps my colleague did not read the same thing as I did. The Governor of the Bank of Canada—the very one whom the Conservatives promised to fire right away, I might add—said yesterday that he could consider a return to lower interest rates. All of this has been confirmed by international credit rating agencies, such as Moody's. Canada is maintaining its AAA credit rating with a stable outlook. That is gold. We are responsible, and we are governing for Quebeckers and Canadians.
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