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Decentralized Democracy

House Hansard - 313

44th Parl. 1st Sess.
May 10, 2024 10:00AM
Context: House Hansard - 313 - May/10/24
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • May/10/24 11:32:13 a.m.
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Madam Speaker, after nine years of the NDP-Liberal government, deficit spending caused skyrocketing inflation, which caused higher interest rates, which are causing higher mortgage payments. The Bank of Canada confirmed that the Prime Minister's wasteful spending is keeping interest rates higher for longer. Now the Bank of Canada is warning, when compared with origination, that the median mortgage payment will rise more than 20% in 2025 and 30% in 2026. Families cannot afford this. Will the government stop its deficit spending so families can keep their homes?
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Context: House Hansard - 313 - May/10/24
Mr. Jamie Schmale (Haliburton—Kawartha Lakes—Brock, CPC)
  • May/10/24 11:39:32 a.m.
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Madam Speaker, in Feed Ontario's 2023 report, over 800,000 Ontarians accessed food banks, up 38% from the previous year. This was the largest single-year increase ever recorded. Even worse, a report by Canada's food professor found that nearly 60% of Canadians are eating expired food to make ends meet. The cost of food, fuelled by the carbon tax and inflation, is causing families to suffer. When will the Prime Minister admit his carbon tax scheme has failed and axe the tax?
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Context: House Hansard - 313 - May/10/24
Mr. Chandra Arya
  • May/10/24 12:25:24 p.m.
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Mr. Speaker, the legislative agenda sometimes moves at its own pace, but the key thing is that the measures we have taken since the last fall economic statement and the budget that we announced have already started yielding results. Today, Statistics Canada came out with a report that shows a gain of 60,000 jobs against an expected gain of just 20,000 jobs. The unemployment rate has actually remained steady at 6.1%. As I have been saying for the last 11 to 12 months, the interest rate will start getting reversed about the middle of this year. The Bank of Canada has already indicated that inflation is coming down. I think it is around 2.9%. It is within the Bank of Canada's range. With the economy showing progress, we have achieved a soft landing, which many predicted would not happen. Rather, many had predicted that we would go into a recession, which has not happened. It does not matter when it is getting implemented. The effects of our measures have already started yielding results.
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