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Decentralized Democracy

House Hansard - 198

44th Parl. 1st Sess.
May 16, 2023 10:00AM
  • May/16/23 2:25:05 p.m.
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Mr. Speaker, actually, the Governor of the Bank of Canada said that his measure of inflation is CPI. CPI is up today, even though she said it would be down. It is up, interestingly, after the $60 billion in new spending that she brought in her budget. What is up the most, though, is mortgage payments, and she can tell us why, because she admitted that deficits “make inflation worse and force rates higher for longer.” They force rates higher for longer, and that is why Canadians are paying 28% more in mortgage payments. Will she get off the backs of Canadian homebuyers so they can put a roof over their head?
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