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Decentralized Democracy

House Hansard - 317

44th Parl. 1st Sess.
May 24, 2024 10:00AM
Context: House Hansard - 317 - May/24/24
Mr. Kevin Lamoureux
  • May/24/24 10:24:16 a.m.
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Mr. Speaker, as a continuation of my speech and in the spirit in which the question was posed, I am going to keep positive, because if we look at Canada's interest rate or its inflation rate, we would find, in comparison to virtually any other country in the world, in particular, let us say, the G7 or G20 countries, Canada is doing exceptionally well. In fact, our inflation rate has dropped to 2.7% and we have been on target for the last four months. Hopefully we will see a decrease in the interest rate. It is important that in the House of Commons, not only the government should be focused on trying to improve economic conditions. Even though we are doing much better than most of our peers, it is still important that we focus our attention on that rather than on a lot of the other, more negative, aspects of politics that we often witness on the floor of the House of Commons. By doing that, we are helping Canadians. Hopefully, over the next number of months we can collectively come to an agreement, the inflation rate will remain in the direction it is going and we will see more relief with respect to interest rates, but we have to respect the independence of the Bank of Canada.
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Context: House Hansard - 317 - May/24/24
Mr. Marty Morantz (Charleswood—St. James—Assiniboia—Headingley, CPC)
  • May/24/24 11:33:01 a.m.
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Mr. Speaker, in 2020, the Prime Minister's own bank governor said interest rates are very low and they are going to be low for a long time. This week, OSFI reported that mortgage holders will face a payment shock because of high interest rates. They said the shock will be the worst for those who took low mortgage rates in 2020. Words matter. After nine years of the NDP-Liberal Prime Minister misleading Canadians, will he finally admit he is not worth the cost to homeowners?
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