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Decentralized Democracy

Senate Volume 153, Issue 63

44th Parl. 1st Sess.
September 27, 2022 02:00PM
  • Sep/27/22 2:00:00 p.m.

Hon. Leo Housakos: Honourable senators, my question is for the government leader in the Senate.

Senator Gold, as Canadians are looking at yet another hike in interest rates between now and the end of October, in an attempt to get skyrocketing “JustinFlation” under some sort of control, your government continues to defend the Bank of Canada Governor Tiff Macklem, despite his abysmal performance.

I’m sure you are going to give me the talking points about how we need to respect our institutions and the independence of the Bank of Canada. But considering that we have a Prime Minister who has acknowledged that he doesn’t spend his time thinking about monetary policy, and we have a Minister of Finance who — in this chamber less than a year ago — said, in response to my question, that inflation isn’t a real concern, and considering that the Bank of Canada also recently weighed in on social media in support for the partisan agenda of this current Trudeau government, don’t you think, government leader, that if you don’t fire the Governor of the Bank of Canada, at the bare minimum you should ask for his resignation?

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  • Sep/27/22 2:00:00 p.m.

Senator Housakos: Senator Gold, how far is your government willing to go to continue to allow “JustinFlation” and soaring interest rates to skyrocket? Government leader, these are not talking points. Your talking points might be talking points, but I’m talking on behalf of Canadians who are actually out there dealing with egg prices, milk prices, grocery store prices and trying to feed their families.

At the end of the day, the question I have for you is a very simple one: When are we going to take our responsibility very seriously and hold somebody in this Parliament to account for this dismal performance? If it is not the Governor of the Bank of Canada, maybe it’s the Prime Minister, or maybe it’s the Minister of Finance. Whom do you hold responsible for this mess?

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