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Decentralized Democracy

House Hansard - 312

44th Parl. 1st Sess.
May 9, 2024 10:00AM
Context: House Hansard - 312 - May/9/24
Ms. Marilyn Gladu (Sarnia—Lambton, CPC)
  • May/9/24 10:49:49 p.m.
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Mr. Speaker, the member opposite talked about the Infrastructure Bank and using that for housing. I will make some allowances for the member, because I do not think he was here when the Liberals took $35 billion away from municipalities, money that was supposed to build infrastructure there, and put it into the bank. The idea was supposed to be that it was going to attract private investment and build large projects, but in five years, it built no projects. It also did not attract any private investment. After all the Liberal insiders who were in there and after no projects were built, how should Canadians have any confidence that the Infrastructure Bank can build houses?
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Context: House Hansard - 312 - May/9/24
Mr. Ryan Turnbull (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and to the Minister of Innovation, Science and Industry, Lib.)
  • May/9/24 11:03:50 p.m.
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Mr. Speaker, just last week, the Governor of the Bank of Canada appeared before committee. He gave very compelling testimony, answering questions from the Conservative Party, and said that the government, compared to the fall economic statement in this year's budget, has stuck to its fiscal guardrails and that there would be no impact on inflation. We also had the International Monetary Fund, which recently rated Canada number one in the world in terms of budget balance. What I want to know from the member opposite is this. His party leader has said that he would fire the Governor of the Bank of Canada. Is that because he does not like the truth?
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Context: House Hansard - 312 - May/9/24
Mr. Dan Albas
  • May/9/24 11:04:32 p.m.
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Mr. Speaker, the Bank of Canada put this out yesterday: “Higher debt-servicing costs reduce a household’s financial flexibility, making them more financially vulnerable if their income declines or they face an unexpected material expense.” I have talked about all the billions of dollars that the government does not have and that it has been borrowing and spending. Could the member opposite please explain how what the Bank of Canada is warning for personal households and their inability to handle that much mortgage is any different for a Prime Minister who has doubled the debt and has spent more than all prime ministers combined?
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