Discussion · Oral Questions

Ryan Turnbull Liberal

“Canada's economy is doing well. The deficit is down by 11 billion dollars, inflation is on target, wages are up, and foreign investment is high. This shows our economic plan is working.”
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Official Hansard

Mr. Speaker, the Parliamentary Budget Officer says Canada’s fiscal indicators are good. The Bank of Canada governor has said he is encouraged by the federal government’s efforts. That is because the Canadian economy is stronger and more resilient than anticipated, with $11 billion less of a deficit, inflation within the Bank of Canada’s target, and the highest foreign direct investment in nearly two decades. We still enjoy a AAA credit rating. Wages are growing faster than inflation, and the IMF says Canada has the strongest fiscal position in the G7. Those things do not happen by accident. They are proof that our plan is working.

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