Finance
Question period focused on federal spending, deficits and the cost of living, ahead of what members referred to as a budget to come. The Conservative Leader said Liberal deficits are driving up debt, inflation, taxes, housing costs and food bank use, noting half of Quebeckers over 50 fear they cannot afford retirement, and repeatedly asked whether the deficit would be kept under $31 billion. He called the newly announced Canada sovereign wealth fund a fund “with no wealth,” saying $25 billion would be borrowed for it, and, when asked which spending he considered inflationary, cited consultants, corporate welfare, the Alto high-speed rail project and gun measures. Liberal ministers responded that Canada has the second-fastest growth and strongest fiscal position in the G7 according to the IMF, promoted the new wealth fund as a way for Canadians to invest in major national projects, noted inflation is back within the Bank of Canada’s target range, and argued money not yet spent cannot be inflationary, asking the Opposition Leader to identify which programs — such as the child benefit, dental care or seniors’ supports — he would call inflationary. The Prime Minister did not answer these questions himself; other Liberal ministers replied.Written by AI from the debate. Updated .
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