- Member of Parliament
- Leader of the Conservative Party of Canada
Leader of the Opposition
- Conservative
- Carleton
- Ontario
- Voting Attendance: 64%
- Expenses Last Quarter: $61,288.13
- Government Page
- May/8/24 3:15:07 p.m.
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Mr. Speaker, after nine years, the Prime Minister is not worth the corporate crime and corruption. According to the Criminal Intelligence Service, there are $113 billion a year of money laundering. That is the equivalent of twice the entire GDP of Nova Scotia. That money laundering, all of it here in Canada, drives up housing costs, pays for drugs and stolen cars.
Why is it that the Americans had to be the ones to catch TD and to charge them with money laundering linked to fentanyl. Why did our federal government not crack down on that?
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- Mar/20/24 2:58:21 p.m.
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Mr. Speaker, the government gets bigger and the people get poorer. After eight years, he is not worth the cost. He is blowing another $18-billion hole in our GDP with the carbon tax, a hole that will mean lower wages and a lower quality of life for the Canadian people.
The Prime Minister now wants to quadruple the carbon tax, starting with his April Fool's Day hike. When will he realize that after eight years of Canadians' lining up at food banks and living in tents, he is not worth the cost?
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- Mar/20/24 2:56:57 p.m.
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Mr. Speaker, after eight years, the Prime Minister is not worth the cost to our economy. Real per person GDP has grown more slowly in Canada than in all the rest of the G7. It is dead last. In fact, our per capita GDP is smaller than it was five years ago, which is the worst record since the Great Depression. The Parliamentary Budget Officer calculates that the carbon tax will blow an $18-billion hole in the size of our GDP, $1,000 in economic costs per family.
If he really thinks that is worth the cost, why will we not have a carbon election to—
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- Jun/21/23 5:20:18 p.m.
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moved:
That, given that, (i) Liberal budget 2023 adds more than $60 billion in new spending — that is $4,200 per family, (ii) inflation in Canada increased following the introduction of $60 billion in new Liberal spending, (iii) following the increase in Canada's inflation, interest rates were increased to 4.75%, (iv) the IMF warns that Canada is the country most at risk of a massive mortgage default, (v) average mortgage payments are up 122% since the Liberal Prime Minister took office, (vi) Canadian households have the most debt as a share of GDP of any country in the G7, (vii) the solution is to eliminate the deficits, balance the budgets in order to bring down inflation and interest rates, the House call on the government to table a plan to return to balanced budgets.
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- Jun/7/23 8:27:41 p.m.
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Madam Speaker, I think we can all agree that if the member from Kingston is our role model, that is a good reason why we are in so much trouble today.
This spending that has led to the inflation was utterly predictable, but its consequences have been utterly devastating. It is obvious by looking at the lineups at food banks across the country, which, in many cases, actually go many blocks down the street and around the corner. There are the cases of the young people who now estimate that they will be in their fifties before they will be able to move out of their parents' homes. These are not anecdotes.
Just the other day, one prominent financial institution estimated that if a family was earning a quarter of a million dollars, it would take them 25 years in Toronto to save up for a down payment. It used to be that 25 years was the term it took to pay down a mortgage, now it takes that long just to get a mortgage, which illustrates the immense contortion that our economy has suffered. This is not without notice around the world. The IMF now says that Canada has the economy that is most at risk of default crisis out of all the countries in the advanced and developed world. Right now, household debt is 107% of GDP, which is to say that the combined debt of Canadian families is 7% bigger than the entire GDP of our country, and we have the worst household debt of any G7 country.
This debt was not an accident. When governments create cash, they are sloppy about it. They do not simply print the money and hand it over to the Prime Minister to spend, although I think he might prefer that kind of efficiency, rather they have a central bank purchase government bonds on what is called the “secondary market”. In other words, the government sells the bonds to the financial institutions and the central bank buys them back.
This creates an artificial private-sector demand for government debt, which makes it very easy for government to borrow money. After all, if I say to members that I will sell them a bond today for $1.00 and buy it back tomorrow for a $1.10, it is pretty easy to imagine that members would accept that transaction so that they could arbitrage the 10¢ profit on the back and forth. This allows government to spend cash very easily and it also increases the money supply. It balloons government and the financial industries. It is why, when the Federal Reserve is engaged in this practice of so-called quantitative easing, it has been wildly popular in both Washington and on Wall Street among Democrats who like big government and among Republicans who like big banks, because both of them actually profit when government creates cash to inflate financial assets and to inflate the spending capacity of itself.
Therefore, what ends up happening is that those who benefit off government expenditures profit, those who benefit off the financial sector profit—
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- May/31/23 3:16:49 p.m.
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Mr. Speaker, he delivers only for himself. We are not growing. Under the Prime Minister, we have the slowest per capita GDP growth of any government since the Great Depression. Under eight years of the Prime Minister, housing costs have doubled, 1.5 million people are eating from food banks and one in five is skipping meals because they cannot afford food. Now, interest rates, which his government said would stay low for long, are skyrocketing because of his deficits.
How much have interest rates had to go up to accommodate his $60 billion in new deficits?
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- Mar/29/23 2:25:55 p.m.
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Mr. Speaker, it is a pipe dream.
A year ago, the finance minister said, “We are absolutely determined that our debt-to-GDP ratio must continue to decline.” It is going up. She also said, “Our [pandemic] deficits must continue to be reduced.” They are going up. She went on to say, “The [extraordinary] debt[s] we incurred...must...be paid down.” They are not only not being paid down, but they are going up. She said as well that the budget would be balanced in 2027. Now the Liberals admit that the budget will never balance itself.
Given these four falsehoods, how can Canadians believe anything the minister or the Prime Minister says about money?
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