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Decentralized Democracy

House Hansard - 57

44th Parl. 1st Sess.
April 25, 2022 11:00AM
Context: House Hansard - 57 - Apr/25/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/25/22 2:20:52 p.m.
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Mr. Speaker, Canadians understand that inflation is a global phenomenon, and I have some figures to back that up. Canada's most recent inflation rate is 6.7%. Inflation is 8.5% in the United States and 7.7% in the OECD. In the eurozone inflation is 7.3%. These rates are caused by COVID‑19 and Vladimir Putin. Canadians understand that.
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Context: House Hansard - 57 - Apr/25/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/25/22 2:44:52 p.m.
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Mr. Speaker, the Conservatives continue to talk down the Canadian economy, but the truth is that Canada is very well placed to weather the storms caused by COVID and by Vladimir Putin. According to the IMF, we will have the fastest growing economy in the G7 this year and next year. We have the lowest debt-to-GDP ratio in the G7, and we have recovered 115% of the jobs lost to COVID, compared to just 93% in the U.S.
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Context: House Hansard - 57 - Apr/25/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/25/22 2:46:06 p.m.
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Mr. Speaker, let me remind the members opposite that S&P and Moody's have reaffirmed Canada's AAA credit rating and that we have the lowest debt-to-GDP ratio in the G7. When it comes to making life more affordable for Canadians, our budget has done so much. We are doubling the support provided through the first-time homebuyer's tax credit. We are introducing a multi-generational home renovation tax credit. We are providing $500 payment to those facing housing affordability challenges.
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