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House Hansard - 198

44th Parl. 1st Sess.
May 16, 2023 10:00AM
Context: House Hansard - 198 - May/16/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/16/23 2:20:17 p.m.
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Mr. Speaker, the reality is that inflation is going down. Inflation was 8.1% in June and 4.4% in April. That is a big difference. The Bank of Canada expects inflation to reach 3% this summer and to drop below 3% by the end of the year. As for our economy, our AAA credit rating remains intact.
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Context: House Hansard - 198 - May/16/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/16/23 2:25:49 p.m.
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Mr. Speaker, Canadians know better than to listen to the Leader of the Opposition when it comes to money, because he did, after all, urge them to invest in crypto. They know better than to rely on the Leader of the Opposition when it comes to the Bank of Canada, because his answer is to fire the independent Governor of the Bank of Canada. What the Bank of Canada looks at is CPI-trim and CPI-median. CPI-median peaked at 5.2% in June. It was 4.5% in March and went down to 4.2% in April.
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