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House Hansard - 120

44th Parl. 1st Sess.
October 28, 2022 10:00AM
Context: House Hansard - 120 - Oct/28/22
Mr. Michael Kram (Regina—Wascana, CPC)
  • Oct/28/22 11:12:16 a.m.
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Mr. Speaker, people in Regina—Wascana and Canadians across the country are having trouble making their mortgage payments. This week, the Bank of Canada increased lending rates by 50 basis points. That was the sixth consecutive rate hike this year. With housing becoming less and less affordable, almost all Canadians are starting to worry about paying for the roofs over their heads. I say almost all Canadians, because these difficult economic times seem to have gone unnoticed in the Prime Minister's Office. On a trip to London, England last month, the Prime Minister's Office managed to rack up $400,000 in hotel bills and other costs. This included one room in particular that cost $6,000 per night. If the Prime Minister cannot understand that Canadians are struggling, then Canadians need a new prime minister.
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