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Decentralized Democracy

House Hansard - 216

44th Parl. 1st Sess.
June 19, 2023 11:00AM
  • Jun/19/23 2:29:25 p.m.
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Mr. Speaker, our economic plan struck a balance between fiscal responsibility and compassion. That is why, in July, we will be providing a grocery rebate to 11 million Canadian families in need. That is why we are also providing dental care to Canadian families in need. That is why we are going to invest more than $100 billion in our green transition. We are doing all that while maintaining the lowest deficit in the G7.
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  • Jun/19/23 2:51:39 p.m.
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Mr. Speaker, in our Article IV consultation with IMF, the IMF actually said that Canada has the strongest fiscal position in the G7. It said we have the lowest deficit in the G7 and the lowest debt-to-GDP ratio. The IMF commended our investments in the green economy and our early learning and child care plan. Canada is doing very well relative to its peers in a complicated global economy.
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  • Jun/19/23 2:52:44 p.m.
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Mr. Speaker, it is not just the IMF that confirms the strength of Canada's fiscal position. After we tabled the budget, S&P reiterated our AAA rating. Let us talk about what the Conservatives would do. The Conservatives would eviscerate pensions for Canadian seniors. The Conservatives would destroy and impoverish the EI system that so many Canadians depend on. The Conservatives would starve our health care system of essential investment. Of course, the Conservatives would make pollution free again. That would be devastating for Canadians and Canadian families.
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  • Jun/19/23 2:58:43 p.m.
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Mr. Speaker, in fact both the IMF and the OECD have forecast that Canada will have the strongest economic growth in the G7 this year and next year. The IMF has further commended Canada for our very strong fiscal position and has pointed out that Canada continues to have not only the lowest deficit in the G7 but also the lowest debt-to-GDP ratio. Let me remind the members opposite that notwithstanding their efforts to talk Canada down, we enjoy an AAA credit rating, reaffirmed after we—
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  • Jun/19/23 3:01:04 p.m.
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Mr. Speaker, we will take no lessons from the Conservatives when it comes to supporting the most vulnerable Canadians with the cost of living. We introduced the Canada child benefit, which is indexed to inflation and has lifted almost 435,000 children out of poverty. Our government increased the guaranteed income supplement, or GIS, which is also indexed to inflation and has helped over 900,000 seniors.
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