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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 11:50:05 a.m.
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Mr. Speaker, over the last six quarters, there has been declining GDP per capita growth. There has been zero GDP per capita growth in the last 10 years. The government's response has been to spend more money, spreading more fire on the already burning-out-of-control inflationary fire, with $61 billion in new spending. Once again, I will ask this. Canadians are barely hanging on. Some of them are going to lose their house shortly. Will the government stand behind the Prime Minister's word and guarantee that interest rates will go down, or is that more misinformation from the government?
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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 12:11:32 p.m.
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Mr. Speaker, the people of Beauce benefit not only from all the investments I have just listed to my colleague opposite, but also from an AAA credit rating. This is the highest possible rating for G7 countries. Moody's spoke specifically about Canada's stable fiscal and economic outlook. This assertion was backed up yesterday by the Governor of the Bank of Canada, who said that he could see interest rates falling in the near future. We are delighted about that, and things are going well.
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