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Decentralized Democracy

House Hansard - 228

44th Parl. 1st Sess.
October 3, 2023 10:00AM
Context: House Hansard - 228 - Oct/3/23
Ms. Melissa Lantsman (Thornhill, CPC)
  • Oct/3/23 3:35:40 p.m.
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Mr. Speaker, “Interest rates are at historic lows”. That was what the Prime Minister said just three years ago. He told people to keep borrowing, while his government kept spending. Now the number of Canadians saying they are facing financial stress has jumped 20% in a single year. The National Payroll Institute found that 63% of working Canadians said they had nothing left at the end of the month and 30% spend more than they make. It is calling it a national emergency. When will they finally balance the budget so interest rates can come down and Canadians can keep more of their own money?
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Context: House Hansard - 228 - Oct/3/23
Ms. Melissa Lantsman (Thornhill, CPC)
  • Oct/3/23 3:37:15 p.m.
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Mr. Speaker, this is the minister who misled Canadians when she said that interest rates would stay low for a long time, and now homeowners are bracing for the shock of when they have to renew their mortgages. That is what the Canadian banks are saying. Now there is another former bank governor raising alarm bells. David Dodge warns that the burden of past debts are catching up. Governments cannot spend their way out of the problems they have created. When the government spends money, the bank raises the interest rates, and when the rates go up, Canadians pay more for their mortgages, so will the NDP-Liberal government finally listen to everyone, or anyone, and stop its spending so Canadians can keep their homes?
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