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Decentralized Democracy

Member of Parliament

Bernard Généreux

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Montmagny—L'Islet—Kamouraska—Rivière-du-Loup
  • Quebec
  • Voting Attendance: 67%
  • Expenses Last Quarter: $143,434.52

  • Government Page
Context: House Hansard - 232 - Oct/16/23
Mr. Bernard Généreux (Montmagny—L'Islet—Kamouraska—Rivière-du-Loup, CPC)
  • Oct/16/23 3:01:28 p.m.
  • Watch
Mr. Speaker, this government's policies have forced the Bank of Canada to increase the interest rate 10 times, with devastating effects. Here is the latest example. Approximately 20% of mortgages at the country's big banks are in negative amortization. What does that mean? It means that people's monthly payments are not enough to cover the interest. The unpaid interest is growing and being added to the balance. These loans will never be paid off. When will the Liberals put an end to their inflationary deficits so that interest rates will drop and Canadians are able to stay in their homes?
104 words
  • Hear!
  • Rabble!
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