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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. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/16/23 2:22:58 p.m.
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Mr. Speaker, yet again, despite the best efforts, which actually are not that good, of the Conservatives to mislead Canadians, the Canadian economy is strong. We have the strongest fiscal position in the G7, and our AAA credit rating was reaffirmed after I tabled the budget. On inflation, I know that the party opposite does not really know too much about the Bank of Canada, but the Bank of Canada follows CPI-trim and CPI-median; those are the core indicators. CPI-median and CPI-trim went down between March and April.
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Context: House Hansard - 198 - May/16/23
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • May/16/23 2:32:17 p.m.
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Mr. Speaker, government members should stop arguing among themselves. Liberals have delivered many gut punches to Canadians over the past eight years, including their failed carbon tax scam, a housing crisis and $1.2 trillion in debt. This morning, Canadians woke up to another one because the finance minister has no fiscal restraint, and her $63-billion budget bonanza gave Canadians another inflation rate increase. The finance minister gave every struggling Canadian household an extra $4,200 of cost because of her failed budget. What did the minister think was going to happen when she threw a $63-billion jerry can of fuel on the inflationary fire she started?
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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
  • 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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