SoVote

Hon. Steven MacKinnon (Leader of the Government in the House of Commons, Lib.)

May/3/24 11:48:05 a.m.
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Mr. Speaker, that question has been asked and answered, but the letter goes on: “In addition, Canada's credit profile has very limited susceptibility to event risks, supported by stable political institutions, a strong and well-regulated banking system, and reserve currency status which underscores the government's deep and unfettered market access. At the same time, despite an initial sharp deterioration in the government's fiscal position from the pandemic, Canada's debt ratios have since materially improved and the government is pursuing a gradual path of...fiscal consolidation.” I am thankful for Moody's credit rating.

100 words

Context: House Hansard - 308 - May/3/24

Mr. Ryan Turnbull (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and to the Minister of Innovation, Science and Industry, Lib.)

May/3/24 11:49:19 a.m.
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Mr. Speaker, based on what the Conservatives are saying, they are going to need to explain to Canadians how Canada is rated number one for budget balance by the International Monetary Fund; maintains a AAA credit rating, which was reaffirmed by Moody's just yesterday; has the best net debt-to-GDP ratio and the lowest deficit in the G7; has been projected by the IMF and the OECD to have the strongest economic growth in the G7; and is number one in the world when the per capita adjustment is made for foreign direct investment. On this side of the House, we continue to lead. On that side of the House, they continue to mislead.

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Deficit
Debt

Context: House Hansard - 308 - May/3/24

Mr. Joël Godin (Portneuf—Jacques-Cartier, CPC)

May/3/24 12:08:09 p.m.
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Mr. Speaker, this government makes it sound as though everything is going great, that the economy is doing well. The reality is that people are struggling. They are going into debt to cover their daily living expenses. After nine years of this Prime Minister and his wasteful spending, life is more expensive. Right now, we are paying over $54 billion in interest on the debt. That is more than the health care transfers to the provinces and territories. The Bloc Québécois voted in favour of that. Bloc members say one thing and do the opposite. Will this Prime Minister, supported by the Bloc Québécois, stop wasting money so that Quebeckers can regain their pride?

123 words

Context: House Hansard - 308 - May/3/24

Mr. Peter Julian

May/3/24 12:34:56 p.m.
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Mr. Speaker, I have won consecutive business excellence awards, so I have no lessons to learn from any Conservatives in the House. The reality is that the member can consult the fiscal period returns produced by the Department of Finance. It is not a hotbed of social democracy, but the federal Department of Finance, over the last few decades, produced the fiscal period returns. They say that Conservatives and Liberals are terrible financial managers and that the best governments are NDP governments. Year after year, the fiscal period returns, which every MP, Conservative, Liberal or of any other persuasion, can consult, will show that NDP governments have the best record of managing money and of paying down debt. We do that because we are able to run programs like health care and education, and we do not fritter away money like the Conservatives are doing today. For $70,000, there is this debate around this frivolous distraction of deleting the short title of this bill rather than getting on to third reading so that we can actually get in place the—

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