SoVote

Decentralized Democracy

Member of Parliament

Adam Chambers

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Simcoe North
  • Ontario
  • Voting Attendance: 68%
  • Expenses Last Quarter: $121,028.17

  • Government Page
Context: House Hansard - 201 - May/29/23
Mr. Adam Chambers
  • May/29/23 9:08:25 p.m.
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Mr. Chair, the minister is obviously not very proud of the government's record. She cannot even answer some very simple questions about how much the government expects to pay on the debt that it issued. Perhaps the government was also misled by the Bank of Canada, which promised Canadians that rates would stay low. The minister says that the government leads the G7 in growth. We are behind a bunch of countries in GDP per capita. The Liberals ran an entire election campaign saying that Harper had low growth. This is what we have here. In GDP per capita, we are behind many countries.
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Context: House Hansard - 201 - May/29/23
Mr. Adam Chambers
  • May/29/23 9:07:35 p.m.
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Mr. Chair, it is very clear that the Minister of Finance does not want to stand behind her government's record and its choices in issuing debt. Here is another question. How much more will the government have to pay if inflation does not come down and interest rates do not come down, as it is projecting them to come down in its own budget, when it rolls over its debt in the next two years?
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Context: House Hansard - 201 - May/29/23
Mr. Adam Chambers
  • May/29/23 9:06:46 p.m.
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Mr. Chair, it is obviously clear that the minister is ashamed of the government's record in choosing to issue short-term debt when rates were so low. Could the minister tell the House and Canadians what the average interest rate is that the government expects to pay on the debt that is maturing and rolling over in the next two years?
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Context: House Hansard - 201 - May/29/23
Mr. Adam Chambers
  • May/29/23 9:05:36 p.m.
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Mr. Chair, 52% of all of the debt issued in that time frame was for under three years. In fact, only 10% of that debt was issued with 10 years or more maturity. How is it possible that the government says its debt management strategy is fiscally responsible when at the lowest interest rates, it financed most of that debt in the short term, which is all going to roll over in the next two years?
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Context: House Hansard - 201 - May/29/23
Mr. Adam Chambers
  • May/29/23 9:04:59 p.m.
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Mr. Chair, it is true. It is a fact. The government issued $471 billion of debt between February 2020 and January 2022. Could the hon. minister tell us how much of that issued debt is maturing in under three years?
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Context: House Hansard - 201 - May/29/23
Mr. Adam Chambers (Simcoe North, CPC)
  • May/29/23 9:04:22 p.m.
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Mr. Chair, could the hon. minister tell us this? Is it not a fact that between February 2020 and January 2022, the government issued approximately $471 billion of debt?
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Context: House Hansard - 98 - Sep/20/22
Mr. Adam Chambers (Simcoe North, CPC)
  • Sep/20/22 3:22:09 p.m.
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  • Re: Bill C-22 
Madam Speaker, I appreciate the member's intervention. I hope he took a break over the summer and was not here speaking the whole time. It is not surprising to hear his voice again in this chamber. My question is relatively simple. The member claims, as do many other members of his party, that this would help hundreds of thousands of people out of poverty, which may be true. Has the Department of Finance booked any amounts of money for this program, or do we still not know how much the program is going to cost?
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