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House Hansard - 309

44th Parl. 1st Sess.
May 6, 2024 11:00AM
Context: House Hansard - 309 - May/6/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/6/24 2:34:28 p.m.
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Mr. Speaker, I respect the member for Northumberland—Peterborough South and he is better than misrepresenting the words of the Governor of the Bank of Canada. The reality is that the Governor of the Bank of Canada, in testimony since the budget, said, “The budget does respect the fiscal guardrails that the government put in place.” He also said, “Keeping the debt-to-GDP ratio on a declining track, and importantly keeping deficits below one per cent of GDP in future years, the budget...commits to those guardrails...and that is helpful.”
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Context: House Hansard - 309 - May/6/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/6/24 2:35:46 p.m.
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Mr. Speaker, that is simply not true. I encourage people to read the testimony of the Governor of the Bank of Canada and news reports about that testimony. Here is what he said, and I am quoting precisely: “Keeping the debt-to-GDP ratio on a declining track, and importantly keeping deficits below one per cent of GDP in future years, the budget also commits to those guardrails going forward and that is helpful.” Those are the words of the Governor. People can just take a look at the transcript.
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