SoVote

Decentralized Democracy

Senate Volume 153, Issue 140

44th Parl. 1st Sess.
September 20, 2023 02:00PM
  • Sep/20/23 2:10:00 p.m.

Hon. Marc Gold (Government Representative in the Senate): Thank you for your question. That inflation has risen in the last report is true. It is also true that inflation is down significantly from the level of 8.1% in July of 2022 to its current level. The most recent bump in inflation, if I understand it correctly and if the analysts are correct, is due to global oil prices that are independent of any government policy in this country or elsewhere.

With regard to your larger question about the government’s economic performance, there are approximately 950,000 more Canadians employed now than there were before the pandemic. Our credit rating is strong. We have the lowest debt-to-GDP ratio in the G7.

I could continue, but you’ve heard this all from me before, as you have heard the same litany of statements from the opposition in this chamber.

The government is doing a good job of managing our economy through very challenging times.

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  • Hear!
  • Rabble!
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