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Decentralized Democracy

House Hansard - 51

44th Parl. 1st Sess.
April 1, 2022 10:00AM
  • Apr/1/22 11:31:58 a.m.
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Madam Speaker, this government invested in the lives and the livelihoods of Canadians at the darkest time in the last 70 years. We invested $511 billion to make sure that we could get to where we are now with the second-fastest-growing economy in the G7, poised to be the fastest-growing economy in the G7 next year. We are on the track to fiscal prudence. We will make the right investments for Canadians, we will support Canadians and we will manage the nation's finances responsibly.
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  • Apr/1/22 11:33:10 a.m.
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Madam Speaker, I was amused to learn earlier today that there is a Liberal among the ranks of the Conservative leadership race, but let us go on to the question at hand. When it comes to something as serious as the nation's finances, it is important to separate partisan posturing from the facts. Here are the facts: Moody's and S&P have given us a AAA credit rating. We have the second-fastest-growing economy in the world, poised to be the fastest-growing next year. We made clear investments in the lives of Canadians so that we could rebound and have one of the best economies in the world. That is good for Canadians. That is good for everyone.
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  • Apr/1/22 11:43:20 a.m.
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Madam Speaker, I understand the member's question and value the role that the wine, beer and spirit sector play in our economy as well as in tourism attraction and retention. Like other taxes and benefits, the alcohol excise duty rate is calculated automatically every year to account for inflation. This is the right approach. It provides stability and predictability for the industry, which is what they asked of us when we formed government. The increase is less than one-fifth of one penny per can of beer, and other specific measures are in place for wine and spirits.
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