SoVote

Decentralized Democracy

Hon. Steven MacKinnon

  • Member of Parliament
  • Leader of the Government in the House of Commons Member of the Board of Internal Economy
  • Liberal
  • Gatineau
  • Quebec
  • Voting Attendance: 66%
  • Expenses Last Quarter: $80,565.87

  • Government Page
  • May/24/24 11:36:12 a.m.
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Mr. Speaker, that member should know better than to stand up and talk about financial markets, when his own leader is the person that has promised to send tremors into the international financial system by taking over, like some dictator, the operations of the Bank of Canada and arbitrarily firing the governor, who is, of course, watching inflation very carefully. I know the member will have noticed that inflation, for the fourth straight month, is down to the Bank of Canada's target range. We want to continue getting that inflation number down.
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  • May/3/24 12:10:09 p.m.
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Mr. Speaker, perhaps my colleague did not read the same thing as I did. The Governor of the Bank of Canada—the very one whom the Conservatives promised to fire right away, I might add—said yesterday that he could consider a return to lower interest rates. All of this has been confirmed by international credit rating agencies, such as Moody's. Canada is maintaining its AAA credit rating with a stable outlook. That is gold. We are responsible, and we are governing for Quebeckers and Canadians.
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  • 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.
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Mr. Speaker, that member knows very well that he is about to stand up this evening to remove $376 that will be landing in the bank accounts of all of his constituents on April 16. He is going to vote against that, and if we go a little further outside his riding into the great prairie areas of Saskatchewan, they will get a 20% rural top-up in addition to that $376, so we will be very steadfast in supporting the policies of the government today and every day. Tomorrow we will resume second reading debate of Bill C-38 concerning new registration requirements. When we return, and indeed we will return following the constituency weeks, we will call Bill C-61, an act respecting water, source water, drinking water, waste water and related infrastructure on first nation lands. Tuesday, April 9, shall be an allotted day, and furthermore, as the Deputy Prime Minister and Minister of Finance announced earlier this month, the budget will be presented on Tuesday, April 16. Pursuant to Standing Order 83(2), I request the designation of an order of the day for the budget presentation at 4:00 p.m. that day.
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