SoVote

Decentralized Democracy

House Hansard - 209

44th Parl. 1st Sess.
June 8, 2023 10:00AM
Context: House Hansard - 209 - Jun/8/23
Mrs. Kelly Block (Carlton Trail—Eagle Creek, CPC)
  • Jun/8/23 2:12:05 p.m.
  • Watch
Mr. Speaker, earlier this week, the Bank of Canada raised the interest rate for the ninth time since February 2022. Of course, this should come as no surprise, given the budget the Liberal government tabled in March. The real surprise was the budget itself. We thought relief was on the way when the finance minister admitted that deficits cause inflation, and then she added another 60 billion dollars' worth of fuel to the inflationary fire. The Liberal government’s deficits have caused the inflation crisis, and this in turn has caused higher interest rates, which has now put Canadians across the country at risk of losing their homes. The IMF has warned that Canada is at the greatest risk of mortgage defaults out of all advanced economies. What is the solution? It is very simple. It is to stop the deficits, which would stop inflation, which would stop the interest rates from going up and stop the defaults. The Liberal government needs to stop its out-of-control spending before it is too late.
175 words
  • Hear!
  • Rabble!
  • star_border