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Decentralized Democracy

House Hansard - 212

44th Parl. 1st Sess.
June 13, 2023 10:00AM
Context: House Hansard - 212 - Jun/13/23
Mr. Adam Chambers (Simcoe North, CPC)
  • Jun/13/23 2:57:25 p.m.
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Mr. Speaker, it was a little puzzling last week that, on the same day the Bank of Canada raised interest rates, the finance minister said, “We are very close to the end of this difficult time, and to a return to low, stable inflation and strong, steady growth.” Now, experts are saying the risk is that inflation will not come down, which means interest rates and mortgage rates will be higher. Is it not time the government cut inflationary deficits, or inflationary taxes like the carbon tax, so interest rates and mortgage rates can come down for Canadians?
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Context: House Hansard - 212 - Jun/13/23
Mr. Adam Chambers (Simcoe North, CPC)
  • Jun/13/23 2:58:29 p.m.
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Mr. Speaker, it was a previous Bank of Canada governor who said that government deficits made interest rates go higher this year. However, let us talk about the government's predictions. It said interest rates would remain low forever. They have not. It said inflation would not come. It has. It said once inflation came, it would be here just a short time. It is still here. Now the government is telling everybody that inflation is coming down and the economic uncertainty is over. Do all the ministers agree with the finance minister? How many predictions does someone need to get wrong before they are held accountable?
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