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Decentralized Democracy

House Hansard - 275

44th Parl. 1st Sess.
February 5, 2024 11:00AM
  • Feb/5/24 2:40:24 p.m.
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Mr. Speaker, last week I was talking to a restaurant owner in Trois‑Rivières. When he applied for the emergency account years ago, he could not have foreseen that inflation would increase by 10 % every year. He could not have foreseen that business would decline to such an extent. Before the January 18 deadline, he asked his bank for a loan to repay the federal government, only to be denied, precisely because of the uncertainty in the restaurant industry. The banks do not want the risk that the federal government should be taking on. Since he could not pay up, the federal government is now demanding another $20,000. How many restaurants like this do the Liberals intend to close?
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