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Leader of the Government in the House of Commons Member of the Board of Internal Economy

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: 67%
  • Expenses Last Quarter: $80,565.87

  • Government Page
Context: House Hansard - 308 - May/3/24
Hon. Steven MacKinnon (Leader of the Government in the House of Commons, Lib.)
  • 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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Context: House Hansard - 308 - May/3/24
Hon. Steven MacKinnon (Leader of the Government in the House of Commons, Lib.)
  • 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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Context: House Hansard - 308 - May/3/24
Hon. Steven MacKinnon (Leader of the Government in the House of Commons, Lib.)
  • May/3/24 11:46:48 a.m.
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Mr. Speaker, once again, that question has been asked many times and answered. I wonder about the hon. members' hearing over there. We get mail. One example reads, “Canada's significant credit strengths will continue to preserve its AAA-rated sovereign credit profile, underpinned by its high economic strength and very strong institutions and governance. Together, these factors provide Canada with a strong foundation for future growth and a very high degree of economic resiliency to potential shocks”. I am thankful for Moody's credit rating.
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