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Decentralized Democracy

House Hansard - 305

44th Parl. 1st Sess.
April 30, 2024 10:00AM
Context: House Hansard - 305 - Apr/30/24
Mr. Adam van Koeverden
  • Apr/30/24 11:43:09 a.m.
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Mr. Speaker, my point is that an average fifth grader knows that it is unproductive to heckle, name call and denigrate people on the basis of how much one person knows or another person knows. Does the member not know that it is the job of the Bank of Canada and the Governor of the Bank of Canada to think about and consider monetary policy? It is not so much the role of government to talk about and think about monetary policy. I know the Conservatives have made much hay out of the Prime Minister's statement that it is actually the job of the Bank of Canada to talk about and think about monetary policy and that it is the federal government's job to make economic policy, fiscal policy and decisions on spending. The fifth graders of Martin Street Public School know the difference and perhaps the Conservatives could learn fifth grade civics, because that is where we learn about the jurisdictions of the various institutions in our government and country.
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Context: House Hansard - 305 - Apr/30/24
Mr. Ziad Aboultaif
  • Apr/30/24 11:44:06 a.m.
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Mr. Speaker, I would excuse the hon. member opposite. It is like the Prime Minister asking him to sell a radish as a strawberry. They are trying to convince Canadians of their mismanagement and inability to balance the budget whatsoever. This is the situation. Philosophically, if the Prime Minister does not think about fiscal responsibility and fiscal or monetary policy, what does he think about? This— Some hon. members: Oh, oh!
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Context: House Hansard - 305 - Apr/30/24
Mr. Ziad Aboultaif
  • Apr/30/24 11:44:55 a.m.
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Mr. Speaker, the Liberals are complaining about the Conservatives heckling. They are heckling because they do not accept any logic, reality or truth. This is the shape of a government with which we are dealing. If their Prime Minister does not think about monetary policy, that means we are in trouble and we are, indeed, in trouble because of that type of thinking.
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Context: House Hansard - 305 - Apr/30/24
Mr. Francesco Sorbara (Vaughan—Woodbridge, Lib.)
  • Apr/30/24 3:21:41 p.m.
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Mr. Speaker, I do count the hon. member as a friend and colleague, and I always enjoy chatting with him. I will say that the IMF statistics are there, and the member can look at gross governmental debt and the net debt bases. The standards are developed by the International Monetary Fund and the World Bank. They are commonly accepted standards. They are principles. Canada's fiscal situation is measured by the rating agencies. I worked for a rating agency for a number of years before I went into the bond side of the business. I understand it quite well. Our AAA credit rating, which has been there since finance minister Martin's years, is there for a reason. We have a solid balance sheet, which is something we should all be proud of and something that I know Canadians hold near and dear to their hearts.
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