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Decentralized Democracy

House Hansard - 118

44th Parl. 1st Sess.
October 26, 2022 02:00PM
Context: House Hansard - 118 - Oct/26/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Oct/26/22 2:57:58 p.m.
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Mr. Speaker, today the Bank of Canada raised interest rates again. Managing inflation is not just the Bank of Canada's responsibility. The Liberals share that responsibility as well. Many economists are predicting a recession. People expect us to prepare for the future. When will the government stop hiding behind the Bank of Canada and show some leadership?
58 words
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Context: House Hansard - 118 - Oct/26/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Oct/26/22 2:59:08 p.m.
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Mr. Speaker, the Prime Minister's own former economic adviser has raised concerns of increased household costs because of interest rates going up. He says an average family with a new mortgage, before today's new increase, could see an increase of $11,000 in extra costs to their annual budget. Most families do not have the ability to absorb that kind of hit. When will the government help families that are reeling with the shock of increasing interest rates?
80 words
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  • Rabble!
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