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Decentralized Democracy

House Hansard - 297

44th Parl. 1st Sess.
April 10, 2024 02:00PM
Context: House Hansard - 297 - Apr/10/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Apr/10/24 2:23:51 p.m.
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Mr. Speaker, when I was minister, the cost of housing was half of what it is today, and hundreds of thousands of housing units were being built with low interest rates. Today we learned that the Bank of Canada will not be lowering interest rates. Why is that? The Bank of Canada Governor said that if the government spends too much, the bank will be forced to keep interest rates high, which will force people into bankruptcy. Will the Prime Minister accept my common-sense plan to fix the budget with a dollar-for-dollar rule to bring down interest rates?
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Context: House Hansard - 297 - Apr/10/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Apr/10/24 2:27:50 p.m.
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Mr. Speaker, we are finding out today from the Bank of Canada that the Prime Minister is not worth the cost. In September, the bank governor said that if government spending were to grow, then interest rates would have to stay high. That was echoed by the former bank governor and incoming Liberal leader, Mark Carney, who indicated that he does not expect rates to fall quickly, and that it is partly because of a lack of fiscal discipline. If the Prime Minister will not listen to me, why will he not listen to his successor and understand that he is not worth the cost of high interest rates?
109 words
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