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Finance

In question period on finance, the Conservative leader said the deficit had grown to about $80 billion and blamed government spending for inflation, asking whether the government would reverse it. The Liberal minister replied that Canada’s economy is performing well, citing IMF assessments of strong G7 growth, sound finances, and record business investment, and said the opposition was understating the economy’s performance.Written by AI from the debate. Updated .

Official text

2 statements

Pierre Poilievre

Conservative
“The Prime Minister almost doubled the deficit to $80 billion and is causing inflation. Will he learn from his mistakes and reverse the deficit?”
Official Hansard

Mr. Speaker, from imaginary conversations with the minister to illusions from a Prime Minister who hides under his desk rather than being accountable in the House of Commons, one could cut through the Liberal arrogance with a knife. What we cannot cut is the Liberal deficit. Amazingly, Justin Trudeau left behind a $40-billion deficit. We thought it could not get worse, but along came the current Liberal Prime Minister, and he nearly doubled it to $80 billion. Just like he caused inflation when he printed money in Great Britain, he is causing inflation now. Will the Prime Minister, who has been wrong about every single economic issue, learn from his mistakes and reverse the deficit?

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François-Philippe Champagne

Liberal
“Canada's economy is doing well despite what the Conservatives say. The International Monetary Fund says Canada has strong growth, sound finances, and record business investment compared to other rich countries.”

  • A repeated line

    “We will take no lessons from the Conservatives.”

    Said 9 times by 4 members since April 23.

    Every time it was said
Official Hansard

Mr. Speaker, we will take no lessons from the Conservatives. Let me be very clear. While the Leader of the Opposition is talking down the Canadian economy, the International Monetary Fund said some things last week: Canada will have the second-fastest growth in the G7, Canada has the strongest fiscal position in the G7, and Canada has attracted record direct investment in the country. This is being a Liberal in the 21st century: building a strong Canada, attracting investment, and sound fiscal policy. We are proud to be Liberal.

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