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 11:50:36 a.m.
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Mr. Speaker, Canadians should not listen to the trumped-up rhetoric of the Conservatives when it comes to our economy. Just yesterday, the independent Governor of the Bank of Canada reaffirmed that due to our commitment to the key fiscal guardrails we have put in place, he believes that since the government's net fiscal plan has not changed a lot, he does not think it will have a big effect on projections for the economy or inflation. With inflation in the target range for three months in a row, Canadians have reason for hope. Conservatives are looking to cut our investments in the middle class, and we are not going to let them.

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

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

May/3/24 12:11:32 p.m.
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Mr. Speaker, the people of Beauce benefit not only from all the investments I have just listed to my colleague opposite, but also from an AAA credit rating. This is the highest possible rating for G7 countries. Moody's spoke specifically about Canada's stable fiscal and economic outlook. This assertion was backed up yesterday by the Governor of the Bank of Canada, who said that he could see interest rates falling in the near future. We are delighted about that, and things are going well.

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

Mr. Greg McLean

May/3/24 12:34:03 p.m.
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Mr. Speaker, I am shocked. The member has called me and my party bad fiscal managers. I assure him that I was a money manager before I came to the House, yet I do not see any money managers over there. He is suggesting that I and other members of my party do not know how to do this, but I would strongly suggest that we have, personally, much better fiscal plans and much better economic plans than I have ever heard come out of the member's mouth. As such, I would like him to retract that remark, please.

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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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