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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 2:25:09 p.m.
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Mr. Speaker, I will never apologize for keeping housing costs low when I was the minister of housing, but if someone was hoping for some interest rate relief today, as a mortgage holder or as someone with a small business loan or a line of credit, they got some bad news: The Prime Minister is not worth the cost. Rates are staying high long because, as the Governor of the Bank of Canada said, if government spending grows, then interest rates will have to stay high to combat the resulting inflation. Why will the Prime Minister not accept my common-sense plan to fix the budget with a dollar-for-dollar law to bring down rates?
116 words
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  • Rabble!
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