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House Hansard - 125

44th Parl. 1st Sess.
November 4, 2022 10:00AM
Context: House Hansard - 125 - Nov/4/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/4/22 11:23:22 a.m.
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Madam Speaker, the fall economic statement shows that we are continuing to chart a fiscally responsible course. Canada has the lowest net debt and the lowest deficit-to-GDP ratios in the G7. Since the previous budget, we have decreased our deficit by $16 billion, and there are 500,000 more Canadians working today than before the pandemic, making Canada's economic growth the strongest in the G7. Investing in Canada, investing in Canadian workers, is exactly the right decision, and that is what we are doing.
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Context: House Hansard - 125 - Nov/4/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/4/22 11:36:22 a.m.
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Madam Speaker, we know global inflation is affecting everyone, although Canada is in a pretty good position to be able to help those who are most affected. In fact, inflation in Canada is at 6.9%, while it is higher than 10% in most of Europe and higher than 8% in the United States. We put forward a plan that is fiscally responsible. It helps invest in making life more affordable. The Conservatives' affordable plan is very straightforward. They want to stop fighting climate change, and they want to tap into the pensions of seniors, right when they need it the most. It is not a responsible plan.
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