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Decentralized Democracy

House Hansard - 220

44th Parl. 1st Sess.
September 19, 2023 10:00AM
Context: House Hansard - 220 - Sep/19/23
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • Sep/19/23 2:33:13 p.m.
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Mr. Speaker, this is coming from the minister who, three years ago, said that interest rates would stay super low. Then the government piled up so much debt that the interest rates went up. Now Canada is the most at risk in the G7 for a mortgage default crisis. Maybe the minister should take advice from former Liberal finance minister John Manley who said that their deficits are like pressing the gas while the Bank of Canada is slamming on the brakes with their interest rate hikes. These interest rate hikes have not been seen in the last three decades. When will the Liberals stop the inflationary spending and balance the budget so interest rates could come down and Canadians would not lose their homes?
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Context: House Hansard - 220 - Sep/19/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/19/23 2:36:08 p.m.
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Mr. Speaker, as a little point of fact, I think my hon. colleague just confused the interest rate with the inflation rate. I guess it is an easy mistake to make if one is a Conservative who does not really care about facts. Let me tell members what our government is focused on. We are focused on Canadians. We are focused on fighting for Canadians. That is why, together with our industry minister, we met with the leaders of Canada's grocers yesterday and told them to stabilize prices now. We are going to make sure that happens.
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