Finance

During question period on finance, the Conservatives said government spending has pushed the national debt to one trillion dollars and left Canadians paying through higher taxes, with more than one in ten Canadians living in poverty, and asked the Prime Minister to cut spending and deficits. The Liberals replied that the Parliamentary Budget Officer and the Bank of Canada governor view Canada’s fiscal situation positively, noting a deficit $11 billion lower than expected, inflation on target, rising wages, and high foreign investment. They also pointed to cost-of-living programs, including the national school food program, child care savings, and the Canadian dental care plan.Written by AI from the debate. Updated .

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2 statements

Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and to the Secretary of State (Canada Revenue Agency and Financial Institutions)

Liberal
“Canada's economy is doing well. The deficit is down by 11 billion dollars, inflation is on target, wages are up, and foreign investment is high. This shows our economic plan is working.”
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Mr. Speaker, the Parliamentary Budget Officer says Canada’s fiscal indicators are good. The Bank of Canada governor has said he is encouraged by the federal government’s efforts. That is because the Canadian economy is stronger and more resilient than anticipated, with $11 billion less of a deficit, inflation within the Bank of Canada’s target, and the highest foreign direct investment in nearly two decades. We still enjoy a AAA credit rating. Wages are growing faster than inflation, and the IMF says Canada has the strongest fiscal position in the G7. Those things do not happen by accident. They are proof that our plan is working.

Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario

Liberal
“Our programs help people in that member's province. We feed 60,000 kids at school, save families up to $13,700 on child care, and give dental care to over 155,000 people. We are helping them with the cost of living.”
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Mr. Speaker, in that member’s province alone, the national school food program is feeding nearly 60,000 children, and with early learning and child care spots, families are saving up to $13,700 per child per year. In fact, we have the Canadian dental care plan in that riding as well, which helps over 155,000 people in Alberta. All across the province that the member claims to represent, people are benefiting from Liberal-developed programs that are helping with the cost of living and making sure families get ahead.

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