Finance

During question period on finance, Conservatives said the fall economic update added $37 billion in new spending they called inflationary, pointed to rising debt and interest costs, said workers and families are being squeezed by prices, and asked when the government would stop spending and how it would deal with tariffs still affecting steel and businesses. Liberals replied that the spending supports skilled trades workers, apprentices, and housing construction, said Canada has the strongest fiscal position in the G7, cited falling rents, tax relief for first-time home buyers, an $11-billion reduction in the deficit, and 96,000 jobs created in six months, and said they are managing the U.S. tariff threat while keeping the economy strong.Written by AI from the debate. Updated .

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6 statements

Melissa Lantsman, Thornhill

Conservative
“The government is spending another 37 billion dollars, which drives up living costs for Canadians. Canada now spends more on debt interest than on provincial health care. When will the government stop this spending so families can afford life?”
Official Hansard

Mr. Speaker, this week, our national credit card got quite the workout with $37 billion in new inflationary spending, nearly $1,000 for every Canadian. Who pays? Canadian families forced to max out their own credit cards to buy groceries and pay the rent. For all of that spending, we still have the highest food inflation in the G7 and the highest housing prices, and now we spend more to service the debt than we do on health care to the provinces. When will the government stop tabling reckless credit card budgets so that Canadian families can just afford to get by?

Melissa Lantsman, Thornhill

Conservative
“The government's high taxes and spending have hurt the middle class and workers. The new budget adds 37 billion dollars in spending, which makes things worse. The government must stop this spending so Canadians can get ahead.”
Official Hansard

Mr. Speaker, I am glad that the minister improved her self-control this time around. I am not surprised that another Trudeau holdover is pretending that everything is fine. The reality is that the Liberal government has killed the middle class. It has killed the very workers that it is now purporting to protect for more than a decade, with higher taxes and inflationary spending. The $37 billion of new spending from the latest credit card budget is only going to make things worse. Everybody knows that. Once again, will the government stop these delusions and stop the spending so that Canadians can actually get ahead?

Andrew Scheer, Regina—Qu'Appelle

Conservative
“The government is spending too much money and adding too much debt. This has caused high prices and hurt the economy. When will the Prime Minister stop spending so much?”
  • A repeated line

    “When will the Liberal Prime Minister end his costly budgeting so Canadians can afford to live?”

    Said 13 times by 12 members since April 28.

    Every time it was said
Official Hansard

Mr. Speaker, this week’s costly budget update shows the Liberals are continuing their decade of credit card budgeting: more costs, more debt, more taxes, just more of the same. It turns out the Prime Minister is not some kind of financial expert. He is just another costly Liberal. His deficit is double Justin Trudeau’s. He is forcing Canadians to pay more in interest on the debt than on health care. What is the result? They have delivered the worst inflation in 40 years, the worst food price inflation and the only shrinking economy in the G7. When will the Liberal Prime Minister end his costly credit card budgeting so Canadians can afford to live?

Andrew Scheer, Regina—Qu'Appelle

Conservative
“The government is spending too much money and causing high prices. I want the government to stop spending so life is more affordable for workers.”
Official Hansard

Mr. Speaker, workers are tired of seeing their paycheques devalued by Liberal inflation. That is what workers are saying across this country. However, after nearly a decade of the costly Liberal government, Canadians are maxed out while the Prime Minister has maxed out the country’s credit card. If we want to play the quote game, do not take my word for it. Even The Globe and Mail wrote, “the Trudeau government did all sorts of things that steadily made matters worse, fiscally and economically speaking, the [new Prime Minister’s] government will do almost nothing to make them better.” Again, will these Liberals stop with the credit card budgeting so that Canadians can afford to live?

Pierre Paul-Hus, Charlesbourg—Haute-Saint-Charles

Conservative
“The Prime Minister promised to manage money carefully, but he is spending more and has no plan to balance the budget. Why is he not keeping his word?”
Official Hansard

Mr. Speaker, during the 2025 election campaign, the Prime Minister presented himself as a rigorous economist. Today, Emmanuelle Latraverse of the Journal de Montréal clearly stated—as we all do, for that matter—that he is far more of a Liberal politician than an economist. In his budget update, he is increasing spending, he has no plan to balance the budget and he is setting us up for years of deficits. An economist would have imposed discipline. He, on the other hand, is currently expanding programs and putting off difficult decisions. Why is the Prime Minister acting like a spendthrift Liberal rather than the serious manager he claimed to be before Canadians?

Pierre Paul-Hus, Charlesbourg—Haute-Saint-Charles

Conservative
“Tariffs are still in place, steel tariffs went up, and businesses are closing. The government's economic update just spends more money instead of fixing these problems. I want the minister to give a real answer about this.”
Official Hansard

Mr. Speaker, I am thrilled to hear that I left an impression on the minister. What I am struck by is the fact that absolutely nothing has been resolved, despite what she just said. The tariffs are still in place. In fact, they actually went up for all steel-related products. This is a disaster. Too many businesses are shutting down. That is the true state of affairs. The members on the other side of the House are spouting fine words, but the reality is totally different. What we got from the Prime Minister’s economic update was a budget containing yet more spending but no concrete solutions to the problems we face today. Does the minister have anything relevant to say?

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