44th Parl. 1st Sess.
April 4, 2022 11:00AM
- Apr/4/22 2:19:53 p.m.
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Mr. Speaker, the Conservatives continue to ignore the facts. Our GDP grew for the eighth consecutive month. We have recovered 112% of the jobs lost to the pandemic. In 2021, we saw Canada's largest annual trade surplus, at $6.6 billion. Households, on average, have more savings than debt, and S&P and Moody's have reaffirmed our AAA credit rating. Those are the facts.
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- Apr/4/22 2:33:51 p.m.
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Mr. Speaker, I will remind Canadians and opposition members that they campaigned on deficit spending of $168 billion.
Our fiscally prudent plan, which will be revealed in the budget later this week, will continue to not only make investments in Canadians but also set us on a very prudent course for the future.
Our GDP is now above prepandemic levels. We have recovered 3.4 million jobs. We came into this crisis with the lowest debt-to-GDP ratio in the G7, and after investing half a trillion dollars in Canadians, it is still the lowest debt-to-GDP ratio in the G7.
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- Apr/4/22 3:10:04 p.m.
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Mr. Speaker, I rise on a point of order.
Twice today we heard different ministers claim Canada has the best debt-to-GDP ratio in the G7. With the House's permission, I would like to table a report from the Library of Parliament showing we are actually third and have the 29th best in the OECD.
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- Apr/4/22 4:38:59 p.m.
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Madam Speaker, after listening to the commentary and speech from my colleague across the way, I have to say that with respect to our responsibilities as members of Parliament, there are two things. One is to talk about all the things we would advocate with respect to spending, and the member went through a litany of what that would be. What was completely absent from all of that discussion was how we are going to pay for it.
In these conversations we are having this week in the lead-up to the budget and in the report we have here from the committee and in numerous other factors, the government does not tell us how it is going to pay for that spending because it is not going to. It is adding to our federal debt and our annual federal deficit. We were already projected to have that before the recent NDP-Liberal deal or coalition agreement, whatever the budget may be this week. If the government is saying it is going to spend on A, B, C or D, I think it is important for Canadians to know how it is going to pay for it.
The member has been quiet on that because there is no way to do it. It is adding to the country's credit card and letting somebody else have to deal with it down the road.
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- Apr/4/22 6:30:15 p.m.
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Madam Speaker, I would remind the member that Canada has the worst record of the 30 OECD countries when it comes to attracting investment, and he knows that. When we are at a place where the world says that Canada is no longer a good place to invest in, we should be concerned.
My friend referred to this debt management plan that was incorporated into last year's budget. Do members know what that debt management plan was? It was a trajectory. There was no firm target. We asked the Liberals, time and again, here in question period when the budget would be balanced. The finance minister never, ever gave us an answer.
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- Apr/4/22 7:02:06 p.m.
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Madam Speaker, there it is again. The Liberal government has no idea how their spending is impacting Canadians. Whether it be the Liberal carbon tax or their escalator tax on beer and wine, whether it be their refusal to pause the GST for fuel purchases or interest payments on record-level national debt, whether it be their expensive climate change policies that have failed to reduce greenhouse gas emissions or their billion-dollar firearm buyback that will do nothing to address crime, the list goes on and on.
Canadians are tired of paying the Liberal government's bills. How much more debt will this NDP-Liberal government add to the backs of hard-working Canadians with their budget?
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