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House Hansard - 120

44th Parl. 1st Sess.
October 28, 2022 10:00AM
Context: House Hansard - 120 - Oct/28/22
Hon. Andrew Scheer (Regina—Qu'Appelle, CPC)
  • Oct/28/22 11:20:12 a.m.
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Mr. Speaker, the Prime Minister told Canadians not to worry about his massive deficits and borrowing and spending, because he said interest rates would stay low for a very long time. Then he turned around and pumped $400 billion into Canada's banking system, causing prices to rise. Now, to fight the inflation the Liberals caused, the Bank of Canada has again jacked up interest rates. For the average mortgage in Vancouver, that means families will have to find another $1,900 a month just to stay in their own homes. Has the government been briefed on how many Canadians will have to turn their keys over to the bank as they struggle to pay these rising mortgage costs?
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