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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 - 317 - May/24/24
Hon. Steven MacKinnon (Leader of the Government in the House of Commons, Lib.)
  • May/24/24 11:34:58 a.m.
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Mr. Speaker, Canada is proud of having one of the most stable and flexible financial institutions and financial markets in the world. It is also true that Canada's fiscal position is a particularly strong one. What would put that all at risk? The banana republic promise of the Leader of the Opposition to fire the Governor of the Bank of Canada, sending shockwaves to global markets and exposing homeowners, mortgage holders, to intense interest rate risk.
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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 12:11:32 p.m.
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Mr. Speaker, the people of Beauce benefit not only from all the investments I have just listed to my colleague opposite, but also from an AAA credit rating. This is the highest possible rating for G7 countries. Moody's spoke specifically about Canada's stable fiscal and economic outlook. This assertion was backed up yesterday by the Governor of the Bank of Canada, who said that he could see interest rates falling in the near future. We are delighted about that, and things are going well.
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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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