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Decentralized Democracy

House Hansard - 60

44th Parl. 1st Sess.
April 28, 2022 10:00AM
Context: House Hansard - 60 - Apr/28/22
Mr. Kevin Lamoureux (Parliamentary Secretary to the Leader of the Government in the House of Commons, Lib.)
  • Apr/28/22 3:16:32 p.m.
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Mr. Speaker, this afternoon and tomorrow we will deal with Bill C-8, the economic and fiscal update. On Monday, we will resume debate on Government Business No. 11 concerning the extension of sitting hours and commence third-reading debate on Bill C-8. It is also our intention to begin consideration at second reading of the budget bill on Tuesday and continue with this debate on Wednesday and Thursday.
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Context: House Hansard - 60 - Apr/28/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/28/22 4:02:52 p.m.
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  • Re: Bill C-8 
moved: That in relation to Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures, not more than one further sitting day shall be allotted to the consideration of the report stage and five hours shall be allotted to the consideration at third reading stage of the said bill; and That, 15 minutes before the expiry of the time provided for Government Orders on the day allotted to the consideration at report stage and at the end of the five hours provided for the consideration at third reading stage of the said bill, any proceedings before the House shall be interrupted, if required for the purpose of this order, and in turn every question necessary for the disposal of the said stage of the bill then under consideration shall be put forthwith and successively without further debate or amendment.
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Context: House Hansard - 60 - Apr/28/22
Hon. Chrystia Freeland
  • Apr/28/22 4:24:38 p.m.
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  • Re: Bill C-8 
Madam Speaker, I apologize to the House, but what the opposition member just said is simply not true. The budget contains a number of analyses that talk about inflation and interest rates, and I can find those page numbers. The budget was subjected to a stress test examining the effects of various scenarios on the economy and the fiscal situation of our country. With regard to the debt, I want to point out that, for this fiscal year, the cost of paying down the Canadian debt will represent 1% of our country's GDP, which remains a historically low level. I want to again emphasize that there are several analyses in the budget showing the impact of various scenarios in relation to inflation, interest rates and the war in Ukraine.
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