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House Hansard - 272

44th Parl. 1st Sess.
January 31, 2024 02:00PM
Context: House Hansard - 272 - Jan/31/24
Mr. Chandra Arya (Nepean, Lib.)
  • Jan/31/24 6:47:24 p.m.
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Madam Speaker, I listened attentively to the hon. member's speech and to his background in the financial sector. On inflation and interest rates, many people in Canada seem to think they are the responsibility or shortcomings of the federal government. Does he not appreciate that the inflation rate is a global inflation rate? All the G7 countries are experiencing that. Interest rates are high in every single G7 country. Compared to many other G7 countries, our economic growth, including the latest numbers that came out yesterday or today, in the GDP growth rate shows that we will not go into a recession but are going to manage a soft landing. Does he not agree that Canada is doing pretty well compared to our G7 partners in all metrics of the inflation rate, the interest rates and the economic growth that we are witnessing?
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