- Member of Parliament
- Member of Parliament
- Conservative
- Simcoe North
- Ontario
- Voting Attendance: 68%
- Expenses Last Quarter: $121,028.17
- Government Page
- Oct/16/23 2:38:32 p.m.
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Mr. Speaker, it is nice to welcome back the finance minister. I was beginning to think she had forgotten the address of this location.
After eight years, Canadians are realizing that the government is not worth the cost. Canadians are struggling and the government continues to increase its deficits and inflation. Everyone now agrees that deficits increase interest rates.
Will the finance minister finally confirm for Canadians that she will balance the budget so that interest rates can come down and Canadians can keep their homes?
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- 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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- May/17/23 2:47:05 p.m.
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Mr. Speaker, it takes a hack to know a hack.
Last fall, the finance minister said that new spending needed to be matched with government savings. She said that the government needed to exercise restraint to not pour fuel on the fire. She also said that the debt-to-GDP ratio was the red line. That seems all pretty clear to me, except the government did not take the finance minister's advice.
Only one thing can be true. Either the finance minister is being overruled by the Prime Minister or another leadership contestant, or Canadians cannot take the promises she makes seriously. Which one is it?
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- May/15/23 2:46:02 p.m.
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Mr. Speaker, a year ago, the finance minister said that she had a red line. She said, “our debt-to-GDP ratio must continue to decline...pandemic debt must be paid down.... This is a line we will not cross.” What happened to that red line? The government has increased the debt by $4,200 for each Canadian family. Our debt-to-GDP ratio will increase this year, and deficits now extend as far as the eye can see.
Does the finance minister regret making this cast-in-stone, stone-cold promise to Canadians?
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Mr. Speaker, I have very much enjoyed getting to work with the member on the finance committee. He brings many insightful comments forward.
Of course, we think the thresholds the government is currently using to review transactions are likely too low. I would refer the government to recommendations from the previous industry committee. The member rightly recognizes that there are likely more transactions that ought to fall under greater scrutiny to ensure we protect our national interests and the interests of critical resources or materials. He was alluding to jobs and headquarters too, which I think are also a consideration for the government to make sure it is reviewing.
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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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- Apr/4/22 2:33:21 p.m.
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Mr. Speaker, last week, the former parliamentary budget officer indicated that this is not the environment in which we want to do deficit spending. The economy is in recovery, and unemployment is low, while the Bank of Canada is struggling to deal with inflation we have not seen in 30 years.
Does the Minister of Finance realize that additional spending risks making inflation worse, yes or no?
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