Discussion · Oral Questions
Adam Chambers Conservative
“The Prime Minister assumed interest rates would go down, but they went up instead. His high spending and borrowing pushed interest rates higher, which costs Canadians more on their mortgages and taxes. I want the Prime Minister to tell Canadians how much his mistake has cost them.”
“Mr. Speaker, the Prime Minister assumed in his first budget that interest rates would stabilize and go lower, except they have actually been going up, including at the Bank of Canada. That means that Canadians will pay more when they renew their mortgage, but it also means taxpayers are on the hook for billions more. Why is that? It is because the Prime Minister chose to double the size of the deficits he inherited, and he has pushed borrowing to record numbers, including nearly $600 billion this year alone. Will the Prime Minister tell Canadians how much his mistake has cost Canadians with higher interest rates?”
Official Hansard
Mr. Speaker, the Prime Minister assumed in his first budget that interest rates would stabilize and go lower, except they have actually been going up, including at the Bank of Canada. That means that Canadians will pay more when they renew their mortgage, but it also means taxpayers are on the hook for billions more. Why is that? It is because the Prime Minister chose to double the size of the deficits he inherited, and he has pushed borrowing to record numbers, including nearly $600 billion this year alone. Will the Prime Minister tell Canadians how much his mistake has cost Canadians with higher interest rates?