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House Hansard - 126

44th Parl. 1st Sess.
November 14, 2022 11:00AM
Context: House Hansard - 126 - Nov/14/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/14/22 2:33:01 p.m.
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Mr. Speaker, let us talk about some really terrible advice that was offered to Canadians in the spring by the Conservative leader. He urged Canadians to invest in crypto as a way to opt out of inflation. Now, Bitcoin has crashed by 21% over the past week and by more than 65% since the Conservative leader first gave Canadians that reckless advice. The Conservatives should apologize today for this reckless policy and admit that investing in crypto would have bankrupted Canadians.
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Context: House Hansard - 126 - Nov/14/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/14/22 2:34:14 p.m.
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Mr. Speaker, what should be cancelled is the reckless advice that the Conservatives offered to Canadians, for which they have never apologized, which was to invest in crypto. If a Canadian had invested $10,000 in crypto when the Conservative leader told them it was a good idea, today they would have less than three and a half thousands dollars. If they had invested in a crypto exchange platform, they would be totally wiped out. What should happen is that the Conservatives should apologize and withdraw that reckless advice.
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Context: House Hansard - 126 - Nov/14/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/14/22 2:46:29 p.m.
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Mr. Speaker, for Denise's sake, I really hope she did not follow the Conservative leader's advice to invest in crypto as a way to avoid inflation. If she had done that, at best she would have lost 65% of her savings. She may well have been entirely wiped out had she listened to the Conservatives and invested in a crypto platform. It is time for the Conservative leader to take responsibility for this reckless advice and apologize.
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Context: House Hansard - 126 - Nov/14/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/14/22 2:59:38 p.m.
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Mr. Speaker, the Conservative leader did have a very specific plan, which he recommended to Canadians, on how to opt out of inflation. It was to invest in crypto. If Canadians had followed that advice, at a minimum they would have lost 65% of what they invested. Many of them, had they chosen to invest in crypto platforms, would be totally wiped out. That is the Conservative inflation fighting plan. I have to say I prefer our compassionate response.
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