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House Hansard - 207

44th Parl. 1st Sess.
June 6, 2023 10:00AM
Context: House Hansard - 207 - Jun/6/23
Mr. Chandra Arya
  • Jun/6/23 12:49:34 p.m.
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  • Re: Bill C-47 
Madam Speaker, these are challenging times in the challenging world we live in. Considering all of the things happening around the world and considering inflation, which is affecting almost every other country in the world, we are taking very prudent steps in managing the fiscal aspects of our economy. We continue to have the lowest deficit-to-GDP ratio in the G7. We continue to have the lowest net debt-to-GDP ratio among G7 countries. That is due to the prudent approach we have adopted in the last eight years, which we continue to focus on.
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Context: House Hansard - 207 - Jun/6/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/6/23 2:41:10 p.m.
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Mr. Speaker, when we talk about the economy, it is important to talk about the facts and not use partisan rhetoric. I want to remind Canadians that after the budget was tabled, S&P reaffirmed Canada's AAA credit rating. I also want to remind Canadians that Canada has the lowest deficit of all the G7 countries. Canada also has the lowest debt-to-GDP ratio of all the G7 countries. That is the—
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Context: House Hansard - 207 - Jun/6/23
Hon. Karina Gould
  • Jun/6/23 3:46:34 p.m.
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  • Re: Bill C-35 
Mr. Speaker, I am genuinely excited about this. This is a really exciting nation-building project that we are embarking on. All 13 provinces and territories have signed on. Are there challenges? Certainly. Is this legislation working to fix them and to create a vision of access to early learning and child care across the country? Absolutely. It is looking to grow our economy. We know that for every dollar invested in early learning and child care, we see $1.80 to $2.40 returned to the economy. We estimate that this will grow our GDP by up to 1.2%. That is significant. We see, with the example of Quebec over the last 25 years, what it means for female workforce participation. Quebec has the highest rate of women with children under the age of four working in the OECD. We are looking forward to that across Canada. What does that mean for female economic autonomy? It means a huge amount. It means that women will have control over their finances. It means that as they age, I anticipate that we will also likely see a reduction in senior women's poverty. These are huge opportunities for our country. I am glad that the NDP and the Bloc are supportive of this, that they are excited about it, and that the provinces and territories are excited about it. I would just hope that the Conservative Party of Canada would join me in that excitement and move this forward for Canadians.
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