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Decentralized Democracy

House Hansard - 198

44th Parl. 1st Sess.
May 16, 2023 10:00AM
Context: House Hansard - 198 - May/16/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • May/16/23 2:20:58 p.m.
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Mr. Speaker, she is the one who said that deficits add to inflation. In fact, she said that inflation and rising interest rates were related to the deficits, the same types of deficits that she was going to introduce a few weeks later in her budget. She added $60 billion of inflationary deficit spending. In the Prime Minister's city, one in five Montrealers can no longer pay their monthly bills. Will the Prime Minister finally give Montrealers and Canadians a bit of a break by eliminating these deficits?
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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 2:32:54 p.m.
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Mr. Speaker, let us talk for a minute about fiscal responsibility and about inflation, which is coming down. In terms of Canada's fiscal position, the truth is, moving past the overheated and, frankly, metaphorically challenged Conservative rhetoric, that Canada has the strongest fiscal position in the G7. Our AAA credit rating was reiterated by S&P after I tabled the budget. We have the lowest deficit in the G7. Some hon. members: Oh, oh!
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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 2:36:04 p.m.
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Mr. Speaker, the people who talk to Canadians as if they are in kindergarten are the Conservatives. The Conservatives behave as if Canadians do not understand that the judge of Canada's fiscal responsibility is not overheated Conservative rhetoric. The judge is the ratings agencies, and they have reaffirmed Canada's AAA rating. Conservatives do not understand that we, in fact, have the lowest deficit in the— Some hon. members: Oh, oh!
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Context: House Hansard - 198 - May/16/23
Hon. Chrystia Freeland
  • May/16/23 2:36:49 p.m.
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I do not mind at all, Mr. Speaker. Canadians understand that Canada has a very strong fiscal position. We have the lowest deficit in the G7. Our AAA rating was reaffirmed by S&P after I tabled my budget. Canadians also understand that, contrary to what the member opposite suggested, it is not the government that sets interest rates. It is the Bank of Canada, and the Bank of Canada looks at CPI-trim and CPI-median, both of which went—
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