SoVote

Decentralized Democracy

House Hansard - 57

44th Parl. 1st Sess.
April 25, 2022 11:00AM
Context: House Hansard - 57 - Apr/25/22
Hon. Ed Fast (Abbotsford, CPC)
  • Apr/25/22 2:44:15 p.m.
  • Watch
Mr. Speaker, this morning, the governor of the Bank of Canada was very clear that inflation is no longer transitory. In fact, Mr. Macklem said, “Team Transitory has disbanded.” For months, the government has claimed that inflation was a passing global phenomenon, nothing to see. It continued to borrow and spend all the way to a skyrocketing inflation of 6.7%. Why has the minister allowed her spending to fuel an affordability crisis, which has left millions of Canadians behind?
82 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 57 - Apr/25/22
Hon. Ed Fast (Abbotsford, CPC)
  • Apr/25/22 2:45:29 p.m.
  • Watch
Mr. Speaker, the governor also announced that, because of inflation, every single Canadian pays $2,000 more a year. He said Canadians should expect more interest rate increases, leaving millions of Canadians paying more on their mortgages and on their loans. When the governor was asked what this government should do to preserve Canada's fiscal position, he said not to spend too much. Is the minister listening? Will she finally control her spending, and why has she failed to address Canada's affordability crisis?
85 words
  • Hear!
  • Rabble!
  • star_border