SoVote

Decentralized Democracy

Ontario Assembly

43rd Parl. 1st Sess.
October 24, 2023 09:00AM
  • Oct/24/23 10:50:00 a.m.

Speaker, my question is to the Premier. Tomorrow, the Bank of Canada will announce their decision on whether they will implement another interest rate hike. Sadly, for many Ontarians, this decision could lead to devastating economic consequences. If another painful interest rate hike is announced, many individuals and families might not be able to pay their bills, pay their rent, mortgage or be able to keep their home. It is hard-working, ordinary people across this province who are being hit hardest and are having to pay a heavy price at the checkout and at the pumps.

The people of our province need to know that our government hears their concerns and understands their fears. Speaker, can the Premier please continue to advocate on behalf of the people of Ontario about the damaging impact that another interest rate hike would have on them?

Premiers of all political stripes agree that further increases are counterproductive and will do more harm than good. Now is the time for the federal government to work with the provinces to address the long-standing root causes that have led to inflation and to high interest rates.

Speaker, can the Premier please share what priorities should be addressed with the federal government that will help to provide real relief to struggling families and businesses.

218 words
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