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House Hansard - 113

44th Parl. 1st Sess.
October 19, 2022 02:00PM
Context: House Hansard - 113 - Oct/19/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Oct/19/22 2:53:39 p.m.
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Mr. Speaker, the CLC put out a report by Jim Stanford that highlights some serious concerns with the Bank of Canada's approach to inflation. It lays out two mandates that the Bank of Canada must follow: one, to keep inflation in check, and two, to encourage maximum sustainable employment. Given the fact that the increased interest rates of the Bank of Canada will not address the root causes of inflation, they are certainly going to create a self-induced recession, which will result in massive job losses. Does the Prime Minister agree with the Bank of Canada's approach?
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