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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. 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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