Business of Supply

A Conservative opposition day motion calling on the government to cancel its planned $25-billion investment fund, arguing that sovereign wealth funds should be built from budget surpluses and resource revenues, which the government does not have. Conservatives said the government is borrowing at a time of large deficits, that taxpayers would bear the risk, that the fund’s governance and decision-making are unclear, and that the Canada Infrastructure Bank fell far short of its disbursement targets. Liberal members defended the fund as a way to invest in major projects, including energy and offshore wind, generate returns for taxpayers and attract private capital, and pointed to Canada’s comparatively strong economy; some Bloc members questioned using public money for oil and gas projects and raised federal debt costs and health transfers. Some time also went to exchanges about committee operations and members’ regional priorities.Written by AI from the debate. Updated .

Official text (opens in a new tab)

23 statements

Kevin Lamoureux, Parliamentary Secretary to the Leader of the Government in the House of Commons

Liberal
“Our government is bringing in billions of dollars in investments and helping Canada sell more goods to other countries. This will make our economy stronger. Conservatives just want the government to get out of the way. I want to know which country actually succeeds with their plan.”
Official Hansard

Mr. Speaker, Canada is open. A year ago, Canadians voted in a new Prime Minister and a new government that have been aggressively pursuing investments and increased exportation. We have now put in a fund that will draw in literally billions of additional dollars. We are going to see a stronger and healthier economy, because we have a government and a Prime Minister who understand the economy and the types of things we need to do in order to grow the economy into the future. The Conservatives consistently stand up and say, “Just get out of the way.” Is there a country that the member opposite believes is doing a good job of following her model?

Caroline Desrochers, Parliamentary Secretary to the Minister of Housing and Infrastructure

Liberal
“The Conservatives waste their debate time using slogans and attacking everything the government does instead of having real discussions. Today they argued about the name of our wealth fund instead of talking about how it will help Canadians. They do not have a plan of their own.”
Official Hansard

Madam Speaker, what I find really unfortunate is that the official opposition has about 15 days a year to bring intelligent debate to the House. On top of that, they have about 45 minutes a day to hold the government to account. However, instead of engaging in real debates and real discussions, they spend their time reciting slogans and criticizing everything the government does. Today, we spent the day arguing about the name of a sovereign wealth fund when, in fact, the purpose of this fund is to build Canada strong, and that is what Canadians need right now. On this side of the House, we are responsible, we are ambitious and we continue to deliver for Canadians. We are capable of imagining the future and we are not afraid to make the necessary decisions. Do the Conservatives have a plan or an alternative? I have not heard them talk about that.

Kevin Lamoureux, Parliamentary Secretary to the Leader of the Government in the House of Commons

Liberal
“I want the House to agree to move to private members' business early.”
Official Hansard

Madam Speaker, I rise on a point of order. I suspect if you were to canvass the House, you would find unanimous consent to call it 5:30 p.m., so we could begin private members’ hour.

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