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Decentralized Democracy

House Hansard - 13

44th Parl. 1st Sess.
December 8, 2021 02:00PM
Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly (Calgary Rocky Ridge, CPC)
  • Dec/8/21 10:15:59 p.m.
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Madam Chair, I am sharing my time with the member for Calgary Midnapore. For the Associate Minister of Finance, how high must the Bank of Canada increase interest rates in 2022 to return inflation to its target rate?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:16:29 p.m.
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Madam Chair, how high will the Bank of Canada have to increase interest rates in order to return to its inflation target?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:16:49 p.m.
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Madam Chair, what would the effect of half a percentage point increase in the Bank of Canada's rate be on the cost to service the national debt?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:17:06 p.m.
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Madam Chair, that was actually a question about fiscal policy. If the interest rate increases, what would the effect be on the cost to service the national debt?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:17:28 p.m.
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Madam Chair, what would the effect of half a percentage point increase in interest rates be on to service the national debt?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:17:48 p.m.
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Madam Chair, what would half a percentage point increase do to the cost of servicing the national debt?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:18:04 p.m.
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Madam Chair, if this member would like to help Canadians, he could do his job by answering questions. This is committee of the whole, not question period. There is a fine contingent of public servants here with binders and briefcases. I am sure they could help this member answer this question: What would the effect of an increase of half a percentage point be on the cost to service the national debt?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:18:41 p.m.
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Madam Chair, what about a 1% rate increase? What would that do to the cost of servicing the national debt?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:19:00 p.m.
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Madam Chair, if there were an increase of half a percentage point in interest rates, what would that do to the cost of consumer debt?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:19:18 p.m.
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Madam Chair, what would a 1% rate increase do to Canadian households that are suffering under the inflation tax and the likelihood of a rate increase to come?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:19:40 p.m.
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Madam Chair, on what date will the budget be balanced?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:19:55 p.m.
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Madam Chair, would the minister like to check with officials and answer the question?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:20:10 p.m.
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Madam Chair, how much credibility does the government expect to have on this when it has blown through every single marker of debt-to-GDP, and every other measurement of public debt, since it has come to office?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:20:30 p.m.
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Madam Chair, how many applications under the first-time homebuyer initiative have been funded in 2021?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:20:47 p.m.
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Madam Chair, the Prime Minister, several times in the last two weeks, has touted that program as part of the government's housing solution. In July 2021, the government had only funded 9,000 out of the 100,000 expected. Could he give us an update on that program, and how many mortgages have been funded under the first-time homebuyer initiative?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:21:29 p.m.
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Madam Chair, does he think that 9,000 out of a 100,000 target is an acceptable metric, or an acceptable mark of success, for a program that the Liberals described as “transformational” on the eve of the 2019 election?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:22:04 p.m.
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Madam Chair, what is the median price of a single detached home in the city of Edmonton?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:22:22 p.m.
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Madam Chair, is it possible that the minister does not know the answer to that question? I referred to his own city. Perhaps he knows the answer to the question: What is the median house price in the city of Edmonton?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:22:48 p.m.
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Madam Chair, how much federal land has the government released for residential development?
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Context: House Hansard - 13 - Dec/8/21
Mr. Pat Kelly
  • Dec/8/21 10:23:08 p.m.
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Madam Chair, do these estimates contemplate carbon pricing on energy imports?
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